Karachi: The State Bank, announcing its latest monetary policy, has decided to maintain the policy rate at 11 percent for the next two months.
The Monetary Policy Committee has explained that current financial and economic indicators indicate that stability in interest rates is necessary to maintain confidence and continuity in the domestic economy.
It is also worth noting that the interest rate was maintained at the same level in June and July last year. Thus, in three consecutive meetings, the State Bank has continued to keep the interest rate at 11 percent.
