BUSINESS

SBP Sets Rate At 13.25% For Next Two Months

State Bank has decided to retain monetary policy rate at 13.25% for next two months.

Monetary policy announced after considering developments in real external and fiscal sectors.

According to State Bank of Pakistan current account balance recorded a surplus that indicates receding pressure on external account.

Business confidence survey shows inflation to fall in near term.

Recent economic data suggested that economic activity is strengthening in export oriented and import competing sectors.

External sector continues to show steady improvement reflecting benefits of recent policy adjustments.

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