State Bank of Pakistan decides not to increase interest rates
Web Desk
|
4 months ago
Karachi: The State Bank of Pakistan (SBP) has decided to maintain the interest rate at 12%, contrary to expectations of a possible reduction.
During the monetary policy meeting, the central bank opted to keep the rate unchanged for the next two months. Analysts had anticipated a 1% cut, but the SBP chose stability instead.
It is worth noting that on January 27, the SBP had reduced the interest rate by 1%, bringing it down to 12%. The latest decision indicates a cautious approach amid economic conditions.
The central bank’s move is expected to influence investment trends, inflation control, and overall economic stability in the coming months.
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