The SBP's Monetary Policy Committee is anticipated to keep the policy rate unchanged at 11.5% in its first FY27 meeting today. Despite improving domestic inflation, renewed US-Iran tensions, potential oil price hikes, and upcoming flood forecasts are raising inflationary concerns. A recent poll showed 97% of respondents expect a status quo. This cautious stance by the SBP, aiming for stability, could help anchor the PKR against the USD, potentially moderating local gold price increases.
بحوالہ / Source: www.brecorder.com