Pakistan, March 19 -- State Bank of Pakistan (SBP) is likely to keep policy rate on hold in the upcoming Monetary Policy meeting scheduled to be held on 19th March 2021, for deliberation on monetary policy for next two months. In the previous policy announced in January the committee kept the policy rate unchanged at 7 percent.

Many analysts agree that policy rate will stay steady for a while and are not rushed to revise their expectations as far as the March monetary policy is concerned. Between January and March, not only has inflation increased: market rates have also moved up. March price trends indicate that an increase in Inflationary pressure in the economy, with the expected inflation to be around 9.78 percent higher than that of...