A Thursday’s brokerage poll projected that the State Bank of Pakistan (SBP) would maintain its benchmark interest rate.
The monetary policy survey was conducted by Topline Research, which indicates that 79% of respondents anticipate no change in the policy rate for the next monetary policy of the central bank. However, almost 16% of participants predict a rise, while 5% foresee a fall in the policy rate.
The SBP is anticipated to hold the interest rate at 15%.
“These results are also consistent with our projections that the policy rate would remain stable in future monetary policy and that policy rates will begin to drop in the second half of FY2023,” it stated.
The consumer price index (CPI) inflation climbed to 26.6% in October, up from 23% the previous month.
