Karachi (Lord Media): The State Bank of Pakistan has announced its decision to maintain the key interest rate at 11.5%, considering the country’s economic conditions and the global landscape.
The announcement was made on the central bank’s official website. According to the bank, the Monetary Policy Committee decided to keep the rate unchanged during its meeting held on June 15.
Economic experts suggest that this move by the central bank follows the historic peace agreement between the United States and Iran, which is expected to ease pressure on Pakistan’s external accounts and lower crude oil prices.
Experts believe that maintaining the interest rate aims to control inflation and ensure economic stability. In the past, the central bank has adopted a cautious policy due to global uncertainties.
Experts also note that keeping the interest rate steady will positively impact the cement, IT, steel, and auto industry sectors, accelerating investment.
