The State Bank of Pakistan (SBP) is set to announce its monetary policy rate today.
In a recently released statement, the central bank declared a convening of the Monetary Policy Committee (MPC) on June 12. This meeting aims to review the country’s overall financial health, economic indicators, and the performance of various internal and external sectors. It will ultimately lead to a decision about the monetary policy. The Monetary Policy Statement will be issued the same day following the MPC meeting.
In the last meeting on April 4, 2023, the MPC decided to elevate the policy rate by 100 basis points to 21 percent. This move was justified as a crucial step towards anchoring inflation expectations around the medium-term target, which is key for price stability.
The policy rate announcement comes after the federal government presents the fiscal year 2023-24 budget.
 is set to announce its monetary policy rate today. The decision, following a review of economic indicators and sectoral performances, comes after the federal government's presentation of the budget for 2023-24.){kind=link}