Business News

SBP keeps policy rate unchanged at 7 pct

Latest Update: July 25, 2015 | 234 Views

KARACHI: Ashraf Wathra, Governor State Bank of Pakistan, on Saturday announced to keep the key policy rate unchanged.


Unveiling the first monetary policy of the current fiscal year, Wathra said that the central bank has decided to keep the discount rate at 7.0 percent for the next two months.

He said that key inflation rate stayed subdued while trade deficit has narrowed.

Wathra said that international rating agencies have acknowledged progress made in the economic front.