State Bank announces monetary policy; maintains interest rate at 10 %

BusinessState Bank announces monetary policy; maintains interest rate at 10 %

March 15, 2014

KARACHI: The State Bank of Pakistan (SBP) on Saturday announced the monetary policy for the next two months and decided to maintain the interest rate of 10 per cent.

“The interest rate will stay unchanged at 10 per cent for the next two months,” the SBP spokesman said.

The policy observed that inflation rate has decreased and growth increased. It said that all the economic indicators are heading in the right direction.

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