KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Friday (May 15) in Karachi to decide the country’s monetary policy. The central bank is expected to issue the Monetary Policy Statement through a press release on the same day. This would mark the fourth monetary policy announcement since January 2020. The monetary policy decision comes at a time of increased concern regarding the impact of the Covid-19 coronavirus outbreak on Pakistan’s economy. The SBP had last raised the policy rate on July 16, 2019, to 13.25pc with a rise of 100 basis points.

Source: Pakistan Today May 11, 2020 13:15 UTC