KARACHI: The State Bank has decided to keep the discount rate unchanged at six percent.
This was stated by Governor State Bank Ashraf Wathra while announcing Monetary Policy for the next two months in Karachi on Saturday.
The Governor noted increase in average inflation from one point seven percent in September last year to three point nine percent last month. However, these trends in inflation indicate pickup in aggregate demand, amid both improved security situation and real incomes.
The Bank Policy observed that with improved business sentiments, lower input prices and better energy availability, supply conditions have improved.