KARACHI: The State Bank of Pakistan (SBP) has decided to keep the policy interest rate unchanged at 10.5%, according to the latest announcement from its Monetary Policy Committee.
In its official statement, the SBP said that the flow of economic data since the January monetary policy meeting has largely remained in line with expectations.
However, the central bank noted that the overall economic outlook has become more uncertain following the outbreak of conflict in the Middle East.
According to the SBP, the ongoing war has led to higher fuel prices as well as increased shipping and insurance costs, which could affect the global and domestic economic environment.
The committee stated that it will continue to closely monitor economic indicators and global developments before making future policy decisions.
