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Market expects status quo as MPC meets today
The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) is expected to meet today (Monday) for the second time this fiscal year, with a majority of market participants expecting a status quo. At its previous meeting on July 27, the central bank’s MPC, despite signs of improvement in Pakistan’s macroeconomic outlook, left the policy rate unchanged at 11.5%, citing heightened external risks following the resurgence of conflict in the Middle East. “The MPC assessed that the current monetary policy stance remains appropriate to guide inflation towards the target range of 5-7% over the med...
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