SBP to announce monetary policy on Nov 15

KARACHI: The State Bank of Pakistan will announce the monetary policy for next two months on November 15, ARY News reported.

The meeting of the SBP Board of Governors has been summoned in Karachi on Saturday (November 15). The meeting will approve the new monetary policy after reviewing the recommendations.

Monetary policy fixes the interest rate for the purpose of promoting economic growth and stability. The interest rate currently stands at 10%.

Experts said the foreseen reduction in government debts, fiscal deficit and inflation might lead to decrease in interest rate.

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