The State Bank of Pakistan is anticipated to hold its policy interest rate at 11.5% during Monday's monetary policy meeting. This decision comes as policymakers navigate heightened uncertainty from the Gulf war, which has pushed global oil prices above $100 per barrel, intensifying inflationary pressures. Analysts believe the SBP is prioritizing macroeconomic stability over growth, despite calls for rate cuts, to manage inflation within the 7-8% range for FY27. An unchanged rate could signal continued economic caution, potentially supporting the PKR's stability but offering limited immediate impetus for gold price movements in Pakistan.
بحوالہ / Source: www.dawn.com