Daily Times Rate kept unchanged to stimulate economy amid Covid crisis Decision to maintain policy rate “absolutely correct”: Dr Kaisar Bengali
July 29, 2021
Economic experts have welcomed the monetary policy of the State Bank of Pakistan (SBP), which was announced on Tuesday. The Monetary Policy Committee (MPC) has chosen inflation as its priority and kept the key lending rates unchanged at seven percent.
The SBP has recognised the need for continued support to small businesses during the fourth wave of Covid-19.
“In reaching its decision, the MPC considered key trends and prospects in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and inflation,” said the SBP statement.
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