Karachi September 20 2021: State Bank of Pakistan (SBP) will announce the decision of the Monetary Policy Committee at 4:30 PM today and upload it on SBP website at the same time.
Gains in consumer prices have on average been at the upper end of the central bank’s 7%-9% target range in the first eight months of 2021, with high global commodity prices, local fuel taxes and a weaker currency adding to pressures. But for now, economists see growth continuing to take precedence.
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While 31 of the 45 economists surveyed by Bloomberg expect the State Bank of Pakistan to keep the target rate unchanged at 7% later Monday, the remaining 14 see an increase of 25- or 50-basis points. That compares with only two who expected a rate increase before the last meeting.