2024

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SBP to announce monetary policy on September 14


Monetary policy

KARACHI: The State Bank of Pakistan (SBP) will announce the monetary policy on September 14, a statement issued by the central bank said.

SBP Governor Jameel Ahmed will preside over the meeting, which will announce the interest rates applicable for the next fortnight.

According to the statement, the central bank has announced convening a meeting of the Monetary Policy Committee (MPC) on September 14 (Thursday) that would review the overall financial position of the country, economic indicators as well as performance of different internal and external sectors and decide about the Monetary Policy.

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Currently, the base interest rate is fixed at 22 percent. The policy rate will be announced through a press release as well.

The market sentiment is reflective of expectations of an interest rate hike. Continuously rising inflation, coupled with the mildly strengthening Pakistani rupee against the US Dollar is likely to push the interest rates upwards.

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