ISLAMABAD: The State Bank of Pakistan (SBP) is likely to announce new policy rate for the next three months, with market expectations leaning toward a cut of 100 to 200 basis points.
The SBP previously adjusted the interest rate at 19.5 per cent, as revealed in its last monetary update.
The Monetary Policy Committee (MPC) is set to convene today, with the decision anticipated shortly after the crucial meeting.
Analysts predict a rate cut of 150 to 200 basis points, citing a more favourable inflation outlook and improvements in the external account.
If the MPC announces a reduction, it would mark the third consecutive rate cut, following a 150 basis point cut on June 26, 2024, and another 100 basis point reduction on July 29, 2024.
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