July 24, 2021

SBP likely to hold rate as Delta variant tightens grip

KARACHI: State Bank of Pakistan is expected to leave its benchmark interest rate unchanged next week for its sixth straight monetary policy meeting to support economy as the Delta variant of Covid-19 tightens its grip on the country.A majority of analysts surveyed by The News believe the SBP’s Monetary Policy Committee will hold the policy rate steady at 7 percent when the decision is announced on July 27 .Any reversal in the central bank’s accommodative monetary policy stance is to be...