Pakistan’s central bank has issued the advance calendar of its Monetary Policy Committee meetings that will be held in the first half of 2025.
According to information shared on the State Bank of Pakistan’s website, the SBP’s Monetary Policy Committee will meet four times for the rest of fiscal year 2024-25 (FY25) — on January 29, March 18, April 29, and June 10, respectively.
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After raising the interest rate to a record high of 22% amid skyrocketing inflation, the central bank had started a monetary easing cycle in June with a 100 basis points cut.
Overall, in 2024, the SBP slashed the interest rate by 900 basis points, the highest-ever cut in a year, to 13%.
This is also the lowest rate since May 2022, when it was 13.75%.
Analysts and businessmen widely expect that this cut would be the last big trimming of the interest rate, with the central bank leaning towards a slower stance from January since the base-year effect would be over.
It is expected that inflation might once again reach double-digits in March and April, halting further consecutive declines in the interest rate.
