Geo436.com blog: 50 basis points raise likely in SBP’s monetary policy

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Geo 436 KARACHI: State Bank of Pakistan (SBP) will unveil its monetary policy at the end of current month with stock market analysts voicing possibilities that policy interest rate would rise by 50 to 100 basis points, Geo News reported Tuesday. The stakeholders, economists and analysts find it hard to see a positive change for the growth of the economy rather they expect a defensive policy to protect the economy from many ills like spiraling inflation and poor fiscal discipline with rising deficit.