KARACHI: The State Bank of Pakistan (SBP) on Monday decided to maintain its benchmark interest rate – the cost of bank lending – at 22 percent. The announcement came after a meeting of the bank’s Monetary Policy Committee (MPC), which decided to maintain the policy rate at 22%. According to a statement, the MPC emphasised on continuing with the tight monetary policy stance and reiterated that the “real policy rate is significantly positive on forward-looking basis to bring inflation down to 5 – 7 percent by end-FY25”. DNA
