The State Bank has decided to maintain the interest rate at 10 per cent, meaning that no change was made during the entire second half of the current financial year. The bank stressed the need for more sustainability in positive economic indicators.
The SBP’s monetary policy for May-June announced here on Saturday threw doubts on the sustainability of positive indicators. “Recent gains in confidence in the economy, backed by improvement in key indicators, need to be nurtured to ensure their sustainability,” it said. The last change in the interest rate was made in November.
