SBP to announce last monetary policy of FY 2024-25 today

KARACHI:The State Bank of Pakistan (SBP) to announce the last monetary policy of the financial year 2024-25 on Monday (today).

The Monetary Policy Committee (MPC) session, chaired by the Governor SBP will meet today, to decide about the monetary policy, the central bank earlier informed in a statement.

The MPC will review overall financial position, fiscal situation, major economic indicators, data of different sectors and major developments since announcement of the previous monetary policy.

The decisions of the committee and the interest rate would be conveyed through the Monetary Policy Statement on the same day.

The monetary policy committee of SBP, taking a monetary policy stance in its previous meeting on May 5 May, noted improved inflation outlook, comfortable position of current account and foreign reserves as well as heightened global uncertainties, decided to slash the policy rate by 100 basis points to 11 percent.