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SBP to Announce Monetary Policy Amid Status Quo Expectations

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Animated editorial illustration for: SBP to Announce Monetary Policy Amid Status Quo Expectations
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At a glance

  • The SBP's Monetary Policy Committee is meeting on September 14.
  • The current policy rate stands at 11.5%.
  • Market analysts widely expect the rate to remain unchanged.

Story so far

The State Bank of Pakistan's Monetary Policy Committee (MPC) is meeting for the second time this fiscal year to decide on the key policy rate. At its previous meeting on July 27, the committee maintained the rate at 11.5%, citing external risks. The central bank's stated goal is to guide inflation towards a target range of 5-7% in the medium term. Current market sentiment, influenced by factors like global oil prices and improving external buffers, largely points towards another hold.

Latest development

The State Bank of Pakistan's Monetary Policy Committee (MPC) is set to announce its decision on the policy rate on Monday, September 14, with most market participants anticipating the rate will be held at its current level of 11.5%.

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Business Recorder

Market expects status quo as MPC meets today

The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) is expected to meet today (Monday) for the second time this fiscal year, with a majority of market participants expecting a status quo. At its previous meeting on July 27, the central b

Usama MehboobUsama MehboobEditor
Categories: Business & Economy
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