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Reading: Interest rate likely to remain unchanged in upcoming monetary policy statement
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PhotoNews Pakistan > Business > Interest rate likely to remain unchanged in upcoming monetary policy statement
Business

Interest rate likely to remain unchanged in upcoming monetary policy statement

Web Desk
By Web Desk Published September 19, 2014 1 Min Read
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The State Bank of Pakistan (SBP) will unveil its Monetary Policy Statement (MPS) for the next two months on Sept 20 (tomorrow), but experts expect status quo with no change in the interest rate.

Despite declining inflation, which fell to 7 per cent in August and a positive real interest rate, the discount rate may not change, according to analysts watching the monetary events closely.

Since November 2013, the discount rate is unchanged at 10 per cent though trade and industry criticised it severely, particularly due to single-digit inflation

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