Karachi: (RightNow) The State Bank has announced the second monetary policy of the current fiscal year. The bank has decided to keep the base interest rate steady at 11.5%.

The Monetary Policy Committee made this decision after reviewing economic indicators. This decision comes as economic negotiations with the IMF are approaching.

The State Bank stated that the situation in the Middle East and rising oil prices in the global market are contributing to increased inflation.

According to the central bank, it is necessary to maintain the interest rate considering the current economic conditions and inflationary factors.

It is noteworthy that the decision to maintain the interest rate was made to ensure financial stability amid the current economic situation.