The experts are expecting the interest rate likely to be fixed slightly downward with most of them predicting that the central bank will opt to reduce the rate by 25 basis points.
Governor Dr Reza Baqir in a press conference here today unveiling the monetary policy for the next two months announced 100 basis points hike in the interest rate, which now reached to 13.25 percent.
Prior to the announcement, the Monetary Policy Committee (MPC) chaired by Governor SBP Reza Baqir met for detailed deliberations on economic indicators to decide the key policy rate.
KARACHI: The State Bank of Pakistan (SBP) would announce its decision with regard to its monetary policy for coming two months on Thursday (tomorrow),...