SBP announces to keep interest rate at 7%

By Monitoring Desk

KARACHI : State Bank of Pakistan announces interest rate at 7%

A statement issued after the meeting of the Monetary Policy Committee said that it was decided to maintain the interest rate in view of Corona and the business situation.

Economic growth is expected to improve in the next financial year, rising electricity prices have pushed up inflation, food production has fallen and prices have risen, with inflation exceeding 11 percent in April.