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SBP to announce monetary policy on July 19

KARACHI: The State Bank of Pakistan will announce monetary policy for next two months on July 19, ARY News reported Thursday.

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The SBP was scheduled to announce monetary policy on Saturday in Lahore, however it did not give any reason for delay in announcement to this effect. The interest rate is expected to be maintained in the policy.

Experts say that interest rate will likely be maintained in order to contain inflation rate. In view of the rising inflation, it is unlikely that any change will be brought about in the interest rate.

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