Karachi: State Bank has announced to maintain the interest rate at 22% without increasing it, expressing hope for a reduction in inflation once again.
According to Express News, State Bank has issued a new monetary policy in which the central bank has announced not to increase the interest rate, and the interest rate will remain at 22% until the next announcement.
State Bank has also signaled a reduction in inflation once again and said that there will be a decline in inflation during October. The series of reduction in inflation will continue in the coming months as well.