The State Bank of Pakistan is set to announce its new monetary policy on May 5, with both the business community and economic analysts widely expecting a potential reduction in interest rates.
The Monetary Policy Committee, chaired by State Bank Governor Jameel Ahmad, will convene on Monday to deliberate on the interest rate adjustment. The central bank confirmed that the outcome of the meeting will be shared via a press release.
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A recent survey conducted by a brokerage house indicates that the State Bank may opt for a cut ranging between 0.5 to 1 percent. Currently, the policy rate stands at 12 percent, having remained unchanged in the last policy meeting.
Experts suggest that easing inflationary pressures and improving economic indicators could pave the way for a modest rate cut to stimulate business activity and investment.
