Abb Takk News

SBP To Announce Monetary Policy Today

KARACHI: The State Bank of Pakistan (SBP) is scheduled to meet today to decide on the monetary policy of Pakistan and determine the benchmark interest rate for the next two months at a time of uncertain economic situation, higher inflation reading, and a continuing increase in cases of the new COVID-19 variant – Omicron.

This will be the first monetary policy meeting of calendar year 2022. According to traditional practice, the central bank revises its monetary policy rate up or down or keeps it unchanged over the inflation reading and economic activities.