The Monetary Policy Committee of the central bank has decided to maintain the policy or interest rate at 7% as a third wave of coronavirus infections poses a threat to the economy. “In reaching its decision on the policy rate, the MPC also took note of the uncertainty around the inflation and growth outlook,” the central bank said in a statement. “On the growth front, the MPC noted that despite recent momentum, risks remain due to the emergence of a third, more virulent wave of Covid in Pakistan just as the vaccine roll-out is beginning.” Related: SBP likely to maintain interest rate amid market jitters: experts The MPC noted that since the last meeting in January, growth a
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