SBP to keep percentage as flood fuel inflation
Karachi: Pakistan’s central bank is expected to maintain its main interest rate on Monday, showed a Reuters poll, as floods that destroyed agricultural land and threatening fresh food inflation, policy -makers to expand. Thirteen of the 14 -questioned analysts predicted that the Pakistani State Bank (SBP) will hold its policy rate at 11%, while one predicted a 50 -base reduction. Since the end of June, floods have flooded Punjab’s agricultural land, disturbing supply chains and breaking inflation fears, with nearly 950 people killed, 6,500 lost animals, 8,200 houses were destroyed and 4.5 million were destroyed. “Given the uncertainty, we expect




