The State Bank of Pakistan (SBP) on Friday to keep the interest rate unchanged at 7 percent for the next two months
The bank stated that sales of Fast Moving Consumer Goods (FMCGs) rebounded in FY21 Q1 and average sales volumes of POL and automobiles have surpassed pre-Covid levels of FY20, and cement sales are at all-time high.
The State Bank of Pakistan (SBP) has decided to keep the interest rate unchanged at 7 percent for the next two months
The central bank will issue the Monetary Policy Statement
The State Bank of Pakistan has maintained the interest rate at 13.25 per cent after ruling out any possibility for making a reduction in view of real interest rate.
The spokesperson said the SBP governor will announce monetary policy after the committee reviews the economic statistics of the country.