KARACHI: For the months of March and April, the State Bank of Pakistan will announce its monetary policy statement on 21st.
The central bank to slash the discount rate further by 50 to 100 basis points due to softening inflation and improvement in the foreign exchange reserves, analysts foresee.
It also seems to follow its policy of spurring real economic activity by giving maximum space to the private sector credit. It reduced the discount rate by 100bps to 8.5 percent in its last monetary policy decision announced in January this year.
The SBP board of directors was likely to consider reducing the discount rate, as inflation declined to 3.24 percent last month and the rupee/dollar parity remained stable at the level of 101, the analysts said.
