Business community split over SBP’s decision to keep policy rate unchanged
https://www.dawn.com/news/2029995
The business community in Pakistan has given a mixed response to the State Bank of Pakistan's (SBP) decision to keep the policy rate unchanged at 11.5 per cent. While some outlets, such as OICCI, view the decision as prudent and balanced, others, like FPCCI, have expressed disappointment and called for further cuts to revive investment and industrial activity.
FPCCI President Atif Ikram Sheikh highlighted the dire need for a reduction in the policy rate due to the current economic stagnation and mounting challenges faced by trade and industry. Meanwhile, OICCI emphasized that the decision provides businesses with policy continuity and space for investment planning, urging the government to reinforce monetary stability through fiscal discipline and other reforms.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
