Monetary policy on 28th.
KARACHI -- State Bank of Pakistan (SBP) Governor Dr. Reza Baqir will announce the monetary policy for next two months on Monday, the central bank said in a press release.
The SBP has kept the policy rate unchanged after increasing it by 100 basis points in July 2019 to 13.25 per cent. The bank had highlighted exchange rate imbalances and inflationary pressures as key drivers behind rate hike.
But since the last announcement, the currency markets have exchange rate has stabilised. In addition, the foreign exchange reserves of the...
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