The State Bank of Pakistan (SBP) on Monday announced to keep the policy rate unchanged at 10.5 percent.
The decision was taken during a meeting of the central bank’s Monetary Policy Committee, which reviewed the economic outlook and set the benchmark interest rate for the next one and a half months.
According to the SBP, the committee conducted an in-depth assessment of the potential impact of the ongoing conflict in the Middle East and the global energy crisis on Pakistan’s economy.
The meeting also examined inflationary pressures and the overall macroeconomic situation while considering the appropriate level of the policy rate for the upcoming period.
The central bank had also maintained the policy rate at 10.5 percent during the previous monetary policy review.
