KARACHI: The State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 11.50 percent.
The decision was taken in a meeting of the Monetary Policy Committee, chaired by Governor Jameel Ahmad, where evolving situation in the Middle East was also reviewed.
According to a recent survey, 60% of the business community expected the central bank to maintain the current interest rate, while 24% predicted an increase. Around 10% believed the rate may be reduced.
