SBP to announce monetary policy on Friday

The State Bank of Pakistan (SBP) would unveil its monetary policy for the next two months on Nov 22 (Friday).

Prior to the policy announcement, the Monetary Policy Committee of the central bank would meet to discuss and decide on the new policy rate.

SBP would issue the monetary policy statement through a press release on the same day.

Previously, the SBP had kept the rate of interest unchanged at 13.25pc.

"The decision reflects the MPC's view that inflation outcomes have been largely as expected and inflation projections for FY20 have remained unchanged since the last MPC meeting on 16th July 2019," a press release issued by SBP had said.