The State Bank of Pakistan (SBP) is set to announce its new monetary policy tomorrow (Monday), according to official sources.

The Monetary Policy Committee (MPC) will meet under the chairmanship of SBP Governor Jameel Ahmed to assess the national and global economic landscape before making a decision on the policy rate.

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Analysts believe the inflation rate reached 3.5% in May, with projections suggesting it could average 8% by December.

In light of these figures, experts expect the interest rate to remain unchanged at 11%.

Since June last year, the central bank has slashed the policy rate by a cumulative 11 percentage points as part of its monetary easing strategy.