Karachi: Announcing its latest monetary policy, the State Bank of Pakistan (SBP) has decided to maintain the interest rate at 11.50 percent.
According to a statement issued after the meeting of the central bank’s Monetary Policy Committee, no change has been made in the policy rate and it has been maintained at the current level.
Economists were expressing different expectations regarding the interest rate, however, the State Bank decided to maintain the current rate keeping in mind economic indicators, inflation situation and financial stability.
The decision to maintain interest rates is being said to be aimed at controlling inflation as well as maintaining a balance in economic activities and the investment climate.
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