State Bank of Pakistan to review monetary policy on January 29

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to convene on Monday, January 29, 2024. Following the MPC meeting, SBP Governor Jameel Ahmad will announce the monetary policy decision at a press conference on the same day.

According to experts, it is anticipated that the SBP will maintain the current interest rate during this policy review meeting. With the key policy rate already at a record high of 22%, brokerage houses predict that the central bank of Pakistan will avoid increasing the rate further due to the economic slowdown and the already high costs of borrowing.

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