KARACHI: The State Bank announced monetary policy for the next two months, with a rate of interest rate of 6 percent.
While doing a press conference in Karachi, Governor State Bank Tariq Bajwa announced monetary policy for the next two months under which interest rate is 6%, when he said that the aim of raising interest rates is not to stop economic growth. Rather, interest rates were increased to strengthen the economic growth rate.
The Governor State Bank said that the value of rupees was 5% lower than the dollar and the rate was reduced to 10% compared to the Euro and since the value of the rupee, the value of the rupee is around 105 rupees. He was not the Governor of State Bank at the time of decline of Rupees value. He said that the financial deficit is likely to remain up to 2.5 percent last year, while exports increased by 11 percent and 2.5 percent in the transit.
Tariq Bajwa said inflation rate is expected to be 4.5 to 5.5 percent, but oil prices can increase the speed of inflation.