Interest rate likely go down in SBP new monetary policy

KARACHI: At least 15 Brokerage Houses have expected decline in interest rate in upcoming monetary policy to be announced from State Bank of Pakistan (SBP) on Tuesday, November 24, Geo news reported on Saturday morning.

The central bank, bringing down the interest rate, will likely waive a bit the forthcoming monetary policy, agreed upon by as many as 15 Brokerage Houses, which trade in Karachi Stoke Exchange (KSE).

Experts said the SBP reserves rights to take down interest rate due to stability in inflation rate or if inflation sustains at 10 percent pace.