Monetary policy tomorrow
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Thursday to announce its decision on the interest rate regime. The SBP will issue the Monetary Policy Statement through a press release the same day. The monetary policy is critical for the stakeholders of the economy, particularly in the wake of over 26 per cent inflation. For SBP, the main question is how to counter the inflation. At the same time, traders and industrialists are anxiously awaiting the decision since the current high interest rate of 22pc has already discouraged them from borrowing costly bank money.