Pakistan, Sept. 15 -- The State Bank of Pakistan (SBP) has kept its policy rate unchanged at 11%, in line with market expectations. The decision was made during the Monetary Policy Committee (MPC) meeting held on Monday. SBP said that the full MPC statement would be released shortly.Pakistan travel packages
This marks the second consecutive meeting where the rate has been held steady. In July, the MPC also kept the rate unchanged, citing a worsening inflation outlook due to unexpected increases in energy prices, especially gas. Analysts had widely predicted a pause in rate changes again this month.
A recent Topline Securities survey showed that 72% of market participants expected no rate change, mainly due to the inflationary impact of f...