SBP to announce monetary policy today
2/11/2012 10:22:33 AM
ISLAMABAD: The State Bank of Pakistan (SPB) will announce its monetary policy today.
Currency Analyst, Zaheer Ahmed told APP that the majority of the experts were expecting the cut of 20 to 50 basic points (bps) on interest rate by SBP.
"The consecutive decreasing trend of inflation in the country is the favorable for SBP for reducing the interest rate which will support private business for availing cheap loan", he added.
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