SBP to announce monetary policy on March 17

SBP to announce monetary policy on March 17

KARACHI: State Bank of Pakistan (SBP) will announce monetary policy statement for next two months on March 17, 2020, a statement said on Monday.

The monetary policy committee (MPC) will review the existing policy rate along with economic indicators and inflation.

The SBP kept the policy rate at 13.25 percent during the three policy statement.

The SBP kept the policy rate unchanged at 13.25 percent since July 2019 on the back of uptick in prices of consumer items.

Market analysts anticipate 100 basis points cut in policy rate due to sharp decline in world oil prices and improvement in economic indicators.

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