SBP to announce monetary policy on Friday
KARACHI: The Monetary Policy Committee of the State Bank of Pakistan (SBP) will meet on Friday, January 22 at SBP Karachi to decide about monetary policy for the next two months.
Governor State Bank of Pakistan, Dr. Reza Baqir will unveil the policy statement at a press conference at SBP main Building, according to a statement released by the central bank.
The Monetary Policy Committee (MPC) of #SBP will meet on Friday, Jan 22, 2021 at SBP #Karachi to decide about #MonetaryPolicy. Governor SBP, Dr. Reza Baqir, will give a
press conference on the same day after the MPC meeting: https://t.co/C9lLKrMhtB
— SBP (@StateBank_Pak) January 19, 2021
At present, the interest rate is at seven percent.
The Monetary Policy Committee (MPC) of the central bank in its meeting on Nov 23, 2020 had decided against any change in the discount rate and maintained the rate at existing seven percent.