KARACHI: The State Bank will announce Monetary Policy on Monday (Sept 16) for next two months.

The financial sector expects a cut in the policy rate following a 31 basis points drop in the cut-off yield for 12-month papers in auction of Treasury Bills held on Wednesday.

For the last over a year the interest rate is being raised to deal with the inflationary pressure in the economy. Recently, the government rebased the year for calculating the inflation which significantly reduced rate of inflation for July-August.

Published in Dawn, September 13th, 2019