July 28, 2021

SBP holds rate to aid recovery as pandemic persists

KARACHI: State Bank of Pakistan on Tuesday left its benchmark policy rate unchanged in a bid to help sustain economic recovery and keep markets stable amid pandemic-related uncertainties.The Monetary Policy Committee maintained the policy rate at 7 percent as widely expected.The central bank said the latest indicators point to continued improvement in the economic activity and inflation outlook following the recent decline in food prices and core inflation. In addition, consumer and business...