SBP to announce new monetary policy on Oct 30

SBP to announce new monetary policy on Oct 30

Business

Currently, the central bank’s policy rate stands at 22 per cent

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KARACHI (APP) - The State Bank of Pakistan (SBP) will announce a new monetary policy for the next two
months on Monday (Oct 30).

The Monetary Policy Committee (MPC) would convene in Karachi to assess economic statistics before deciding whether to raise or lower interest rates.

Currently, the central bank’s policy rate stands at 22 per cent.