SBP has room to cut policy rate: analysts

KARACHI: Researchers and analysts say the State Bank of Pakistan (SBP) could reduce its policy rate by 100 to 150 basis points at Monday’s Monetary Policy Committee meeting.

The upcoming monetary policy review is of high importance, particularly given the declining trend of inflation and a stalemate-like situation for economic growth.

Despite some firm arguments in favour of maintaining the interest rate at the current level, some analysts said the situation is conducive to cutting it.