Prospects for a third consecutive decline in interest rates are encouraging for economists and business executives as the State Bank of Pakistan (SBP) gets ready to reveal its monetary policy on September 12.
The interest rate, which is presently 19.5%, may be lowered by 1.5%, according to economists.
This would be the third cut in as many months; in its last two monetary policies, the central bank has already lowered rates by a combined total of 2.5 percent.
The choice to change the interest rate will be made after a thorough analysis of all available economic data, particularly the clearly declining rate of inflation.
Pakistan’s inflation rate dropped to 9.6% after three years, a single digit number that has encouraged businesses and financial experts alike.
