SBP Monetary Policy, interest rate unchanged at 13.25%

By Syed Umarullah Hussaini - Web Editor

22nd November, 2019

The State Bank of Pakistan (SBP) has announced its monetary policy for the next two months on Nov 22 (Friday).

According to details, Governor State Bank Baqir Raza chaired a meeting regarding monetary policy for the next 2 months of the current fiscal year at the Karachi Head Office on Friday.

A statement issued by the central bank after the meeting, in view of the current economic data of the country the inflation rate was still quite high due to the increase in the prices of food items and the interest rate unchanged at 13.25 percent.

State Bank Governor Baqir Raza said inflation is likely to come down in the coming months, despite rising food prices, inflation will decline.

Prior to the policy announcement, the Monetary Policy Committee of the central bank would meet to discuss and decide on the new policy rate.

SBP would issue the monetary policy statement through a press release on the same day.

Previously, the SBP had kept the rate of interest unchanged at 13.25pc.


You May Also Like

PIA
28th Jan, 2020

PIA manages to get rid of its default payments : PSX

Pakistan International Airlines (PIA) manages to improve its position in Pakistan Stock...

kinow
28th Jan, 2020

Govt. to increase export of Kinnow: Provincial Minister

The Government of Pakistan Tehreek e Insaf (PTI) will increase the export...

Monetary policy
28th Jan, 2020

Monetary policy announced: Inflation unchanged at 11-12% for the full fiscal year 2020

State Bank of Pakistan (SBP)  has announced Monetary policy for the next...

Business in Pakistan
28th Jan, 2020

Business in Pakistan at risk

Business in Pakistan at risk as majority (60%) business owners think Pakistan...


Latest News

Kingdom Saudi Arabia
28th Jan, 2020

Israeli passport holder can’t visit the holy land

Kingdom Saudi Arabia has confirmed that Israeli passport holders were not permitted...

Bosnia extends diplomatic support to Pakistan on Kashmir dispute
28th Jan, 2020

Bosnia extends diplomatic support to Pakistan on Kashmir dispute

Bosnian Ambassador to Pakistan Sakib Foric called on Speaker National Assembly Asad...

Direct sale and purchase of PSL 2020 tickets have started from today!
28th Jan, 2020

PSL 2020 Direct Sale Tickets Begins From Today

Direct sale and purchase of PSL 2020 tickets have started from today!...

CoronaVirus
27th Jan, 2020

CoronaVirus threat: PM House sent summary to relevant departments

The Prime Minister's Office has sent a letter to the relevant ministries...