SBP keeps interest rate unchanged at 7 per cent

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Karachi: The State Bank of Pakistan has decided to keep the interest rate at 7 per cent.

SBP Governor Raza Baqir said interest rates could remain at the same level in the near future.

He said that the economic situation is much better than in June 2019 and the rate of inflation is likely to be 7 to 9 percent.

He added that the rise in electricity rates is likely to increase inflation.