State Bank’s Monetary Policy Committee Meeting to Determine Interest Rate Today
Karachi:The State Bank of Pakistan’s Monetary Policy Committee is scheduled to meet today to decide on the key policy interest rate. According to the announcement, the committee will assess the current economic conditions and determine the future course for the interest rate.
Currently, the interest rate is set at 12%, following a 10% reduction in the past year. Financial institutions have indicated that a further reduction in the interest rate is likely, with experts suggesting that the State Bank has room to lower the rate by an additional 200 basis points by December 2025.
A large-scale survey conducted by financial institutions has shown that 69% of participants expect a reduction of at least 50 basis points in the interest rate. Meanwhile, 30% of respondents anticipate a 100 basis point cut, while 1% believe the rate could decrease by 150 basis points.
Based on the survey results, participants have predicted that the policy rate could range between 8% and 9% by December 2025, reflecting the broader expectations of a more accommodative monetary policy in the coming months.
Would you like more insights on the economic implications of these predictions or further details on the State Bank’s current monetary stance?
