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SBP maintains interest rate at 5.75 percent

KARACHI: The State Bank of Pakistan announced its monetary policy on Saturday.

It was decided that interest rate for the next two months will be maintained at 5.75 percent.

Inflation rates have increased, the State Bank maintained, adding that inflation rate in October this year remained at 4.2 percent. Compared to October 2015, inflation rates showed a 1.6 percent increase.

It is expected that inflation rates will increase after October.

Crude oil prices will affect inflation rates, the State Bank said.

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