The State Bank of Pakistan (SBP) will announce its monetary policy on Monday. Analysts predict a potential interest rate cut of up to 2 percent.

The Monetary Policy Committee (MPC) meeting, chaired by the SBP Governor, will be held on November 4th.

The meeting will review the country’s micro and macroeconomic conditions, as well as international developments, before announcing the policy rate.

Economic analysts believe that with inflation falling into single digits, there is a strong possibility of a 2 percent reduction in the interest rate. The current policy rate stands at 17.5 percent.