Central bank keeps policy rate unchanged at 11.5pc

The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday kept the interest rate unchanged at 11.5 per cent. The decision was announced by SBP Governor Jameel Ahmed during a press conference. At the outset of the press conference, the governor said, “MPC has decided to keep the policy rate unchanged at 11.5pc”. “There were several reasons for this, but I would like to explain some background: every time we hold committee meetings in January and July, we also issue projections...