The State Bank of Pakistan’s Monetary Policy Committee on Monday kept the policy rate unchanged at 11%, opting to leave borrowing costs steady.
The decision marks the fourth consecutive meeting with no change, extending the pause in monetary easing as policymakers weigh potential inflation pressures linked to flood damage against signs of a fragile economic recovery.
The policy committee had reduced the interest rate by 1 percentage point to 11% in its meeting on May 5 this year.
This is a developing story and is being updated with more details.
