KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Tuesday (March 17) 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. The announcement of the monetary policy decision comes at a time when increased concern regarding the Covid-19 coronavirus outbreak was adversely impacting the global economy. The United States Federal Reserve recently cut the policy rate by half a percentage point, to a range of 1-1.25pc. In the last policy announcement on January 28, the SBP maintained the policy rate at 13.25 per cent for the next two months.

Source: Pakistan Today March 09, 2020 15:22 UTC