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Pakistan’s central bank to announce FY25’s first monetary policy on July 29

The central bank had reduced the interest rate by 1.5% in June, the first cut in four years.

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Haris Zamir

Business Editor

Experience of almost 33 years where started the journey of financial journalism from Business Recorder in 1992. From 2006 onwards attached with Television Media worked at Sun Tv, Dawn Tv, Geo Tv and Dunya Tv. During the period also worked as a stringer for Bloomberg for seven years and Dow Jones for five years. Also wrote articles for several highly acclaimed periodicals like the Newsline, Pakistan Gulf Economist and Money Matters (The News publications)

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Pakistan’s central bank to announce FY25’s first monetary policy on July 29

The State Bank of Pakistan building in Karachi

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Pakistan’s central bank will announce the first monetary policy decision of fiscal year 2024-2025 on July 29.

The State Bank of Pakistan (SBP) had reduced the interest rate by 1.5% to 20.5% in June, the first rate cut in four years.

The cut was made after inflation fell from a record high of 38% reached in May last year.

However, inflation has declined in recent months, and was recorded at 12.6% in June this year. Analysts expect that July inflation will clock in at under 11%.

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