SBP to announce monetary policy today


Pakistan’s central bank will announce its monetary policy for the next two months on February 8 (today). Analysts are expecting that the State Bank of Pakistan (SBP) may opt to keep policy rate unchanged in the upcoming monetary policy. SBP Governor Yaseen Anwar will announce the monetary policy statement for the months of February and March at a press conference to be held at the central bank’s premises. SBP had cut the policy rate by cumulative 2.5 percentage points since August 2012. Analysts ruled out any sharp pullback in inflation in the next 4 to 5 months provided that oil and other commodity prices stay within a manageable range. Thus, expected CPI inflation is expected to stay around 9 percent for FY13.