The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will convene on Monday of next week to decide on the Monetary Policy.
On the same day, the central bank will announce the Monetary Policy Statement via a press release.
There is disagreement among respondents to Topline Securities’ survey over whether SBP would lower rates or keep things as they are at the next MPC meeting.
51 percent of respondents to the survey said they thought the policy rate would stay at 22 percent, while 49 percent thought it would go down. Nobody taking part anticipates an increase in interest rates.
SBP made the decision to maintain the policy rate during the preceding MPC meeting, which took place on March 18, 2024. In making its decision, MPC pointed out that inflation has started to sharply decrease from 2HFY24, in keeping with prior projections.
Reasonable people believe that the central bank will proceed cautiously in spite of certain positive developments. Next week, the main interest rate will be determined in large part by the inflation forecast.