Islamabad: The State Bank of Pakistan on Monday decided to retain interest at 22 percent.
The SBP declared the interest rate as it issued monetary policy for the next two months.
The SBP has announced the monetary policy after holding of monetary policy committee meeting.
The bank said that the current account deficit will be in a risk owing to the up and down in oil rates and gas rates.
1/3 Monetary Policy Committee (MPC) of #SBP has decided to maintain policy rate at 22% in its meeting held today. See https://t.co/P8SJRWWQhc#SBPMonetaryPolicy pic.twitter.com/t1ixjs3W5Z
— SBP (@StateBank_Pak) October 30, 2023
It said that in the next six month the inflation will continue to decrease while the initial estimation of monsoon crops are encouraging.
