Karachi December 12 2023: The Monetary Policy Committee (MPC) of State Bank of Pakistan decided to maintain the policy rate at 22 percent in its meeting today.
This decision also takes into account the elevated level of core inflation which is moderating at a gradual pace.
MPC assessed that real interest rate is positive on 12-month forward-looking basis and headline inflation is expected to decline significantly in the second half of FY24.
