Karachi: The State Bank has decided to maintain the interest rate at 15% while announcing the monetary policy.
According to Express News, the State Bank has announced a new monetary policy under which it has been decided to maintain the interest rate at 15 percent for the next two months.
The State Bank has said that there has been an improvement in the value of the rupee and a decrease in inflation. Due to the floods, the growth rate of economic growth in the current financial year is expected to be 2 percent, while the economic growth before the floods was 3 to 4 percent. It was likely to stay up to percent.
