SBP Announces Monetary Policy

State bank of Pakistan has announced the monetary policy. It has been decided to keep the interest rate at 5.75 percent for two months. According to the state bank economic situation has improved and consumer confidence has built up. Keeping in view the macro-economic situation of the country, it has been decided to maintain the interest rate . According to the spokesperson of the state bank, favorable economic conditions have resulted in continued performance. Foreign exchange reserves have reached record highs and resulted in economic stability. Low interest rates, growing demand for services and low prices of imported raw materials will help in expanding the economy.