Despite strong reasons for a cut in the key interest rate, analysts and experts seem divided on the issue.
The State Bank said the Monetary Policy decision for the next two months will be announced on Saturday (Nov 15). The interest rate is unchanged at 10 per cent for the last 12 months.
Some experts hope for a rate cut on the back of a few strong reasons, particularly the 17-month low Consumer Price Index (CPI) inflation in October at 5.8pc compared to 9.08pc in the same month last year. July-October CPI was 7.1pc compared to 8.3pc last year.
A number of analysts and experts want the rate to fall but they expect otherwise.
On the other hand, some analysts anticipate a drop of 50 basis points (bps). Analyst Khurram Shazad, who is monitoring the situation closely, said the interest rate could be cut by 50bps.
