SBP decides to keep interest rate unchanged at 5.75%

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The State Bank of Pakistan has decided to keep the interest rates unchanged at 5.75% for the next two months despite rising pressure on foreign reserves and fear of an increase in inflation.

The current account budget deficit, rising fuel prices and declining remittances are likely to be the main factors influencing the SBP decision.

The SBP revises interest rates every two months and this serves as the most important tool in maintaining the price stability in the economy.

 

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