SBP to announce policy rate on Dec 16
MG News | December 13, 2024 at 08:25 PM GMT+05:00
December 13, 2024 (MLN): The Monetary Policy Committee (MPC) of SBP will meet on Monday, December 16, 2024, to decide about the Monetary Policy, said a press release issued today.
Later on, SBP will issue the Monetary Policy Statement through a press release on the same day.
The majority of analysts expect the central bank to slash rates by 200bps to 13%.
Last time, the central bank surprised by delivering an aggressive rate cut of 250bps compared to the median estimate for a 200bps.
This time, despite having ample room, the SBP is expected to adopt a gradual approach, maintaining positive real interest rates and focusing on forward-looking inflation.
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