SBP to announce monetary policy tomorrow 

KARACHI: The Mone­tary Policy Committee of State Bank of Pakistan (SBP) will meet on Tuesday to announce its decision on the key interest rate for the next two months.

The monetary policy statement will be issued the same day through a press release, the SBP said. Earlier in its monetary policy of 2020, the SBP held rates at 13.25pc. “While controlling inflation we also have to support sectors that contribute to our exports,” SBP Governor Dr Reza Baqir had said.

READ MORE: ‘Rate cut imminent’, analysts predict ahead of monetary policy meeting

It is expected that the SBP will reduce interest rate this time.