SBP to announce monetary policy on Nov 15
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.