“The government had targeted a growth rate of 5% for FY23, as compared to 6% in the previous two consecutive fiscal years. On July 7, 2022, the State Bank of Pakistan (SBP) hiked the key policy rate by 125 basis points to 15%. On Friday, the SBP will also be announcing its monetary policy calendar up to June 2023. 35% of the participants expect the policy rate to be in the range of 14-15% while 27% expect it to be in the range of 13-14%. “The results are also in line with our estimates where we think that the policy rate will remain unchanged in the upcoming monetary policy statement.

Source: The Express Tribune November 25, 2022 09:11 UTC