State Bank of Pakistan to unveil new monetary policy today

KARACHI: The State Bank of Pakistan (SBP) will unveil its new monetary policy on Monday (today), the central bank said in a statement earlier.

The Monetary Policy Committee (MPC) of the SBP will meet today to decide about the Monetary Policy, as analysts expect 50 to 100 basis points cut in the interest rate.

The bank’s current interest rate has been 12 percent while the inflation was dropped in February to minimum level of 1.52%.

The MPC will review overall financial and fiscal situation, major economic indicators, while its decision would be announced by the central bank through the Monetary Policy Statement.

The SBP could slash the interest rate by one or two percent, experts said.

The State Bank in a statement said that the current account remains 0.7 billion dollars in surplus in last seven months of the fiscal year.

The current account was in 1.8 billion dollars deficit in seven months during previous financial year, central bank stated.

“In January 2025 current account deficit remained USD 420 million,” the bank said.

“Overall foreign exchange reserves have been 15.8738 billion dollars, while forex reserves have been 11.4295 billion USD in the central bank,” according to the statement.