State Bank to Announce Monetary Policy on Friday

The Monetary Policy Committee of the State Bank of Pakistan (SBP) will meet on November 25, 2022 in Karachi to decide on the Monetary Policy. The central bank will issue its Monetary Policy Statement through a press release on the same day for the first time.

Expectations and market sentiment indicate that the interest rate will remain unchanged this time as well, reports BBC’s Nafees Zakaria.

CPI inflation increased to 26.6 percent in October 2022 due to a major adjustment in electricity tariffs. Imports fell 13 percent, and the trade deficit fell to $2.3 billion. This is likely to keep a check on the current account deficit going forward.