SBP MPC Meets Today to Review Policy Rate Amid Economic Shifts
The Monetary Policy Committee (MPC) session, chaired by the Governor SBP, will meet today to decide on the monetary policy, the central bank earlier informed in a statement.
The MPC will review overall financial position, fiscal situation, major economic indicators, data of different sectors and major developments since announcement of the previous monetary policy.
The decisions of the committee and the interest rate would be conveyed through the Monetary Policy Statement on the same day.
The monetary policy committee of SBP, taking a monetary policy stance in its previous meeting on May 5 May, noted improved inflation outlook, comfortable position of current account and foreign reserves as well as heightened global uncertainties, decided to slash the policy rate by 100 basis points to 11 percent.
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