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KARACHI: The State Bank of Pakistan (SBP) has announced its monetary policy for the next two months.

According to the details, the central bank has announced to keep the interest rate at 7% for the next two months. No change has been made in the discount rate.

According to a statement issued by the SBP, the recovery of the economy is gaining momentum and business sentiments have improved further, while the second wave of Corona poses significant risks of slowing down Pakistan’s economic growth.

According to the SBP, inflation is a result of food supply pressures which are temporary. Inflation is likely to remain at 7-9 per cent this financial year. Inflation and the risks to the economic growth scenario seem balanced.

It is to be noted that at present the policy rate in the country is at 7%. Earlier in the meeting held in September, the central bank had maintained the discount rate at 7%.

Earlier, SBP Governor Raza Baqir said that the situation is much better now than in June. For these reasons, it has been decided to keep the interest rate stable. The economic situation of the country has improved. Announced a monetary policy for which the interest rate will remain at 7%.

According to ARY News, the central bank has announced to keep the interest rate at 7% for the next two months. No change has been made in the discount rate.

According to a statement issued by the SBP, the recovery of the economy is gaining momentum and business sentiments have improved further, while the second wave of Corona poses significant risks of slowing down Pakistan’s economic growth.

According to the SBP, inflation is a result of food supply pressures which are temporary. Inflation is likely to remain at 7-9% this financial year, and the risks to inflation and the economic growth scenario seem balanced.

It is to be noted that at present the policy rate in the country is at 7%. Earlier in the meeting held in September, the central bank had maintained the discount rate at 7%.

Earlier, SBP Governor Raza Baqir had said that the situation was much better now than in June and for these reasons it had decided to keep interest rates stable.
Inflation has risen slightly, but it is an administrative issue. Various measures have been taken, including the Ehsas program, to prevent the effects of the Corona epidemic.

He said that the reduction in interest rates has given relief to the business community to the tune of Rs. 470 billion.

Inflation has risen slightly, but it is an administrative issue. Various measures have been taken, including the Ehsas program, to prevent the effects of the Corona epidemic.

He said that the reduction in interest rates has given relief to the business community to the tune of Rs. 470 billion.

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