State Bank of Pakistan (SBP) on Monday decided to keep the key policy rate unchanged at 7 percent for next two months.
The decision was taken after the committee of monetary policy considered economic condition in the wake of adverse impact of coronavirus.
The SBP brought down the policy rate by 625 basis points since mid-March 2020.
The State Bank of #Pakistan’s #MonetaryPolicy Committee met today under the chairmanship of Governor #SBP Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent. For complete statement see: https://t.co/KhuqwCgYnX— SBP (@StateBank_Pak) September 21, 2020