Retention of mpr at 14 shock to business community lcci official #
It seems like you're referring to the recent news about the MPR (Minimum Price Rate) retention at 14% shock to the business community, as announced by the LCCI (Lahore Chamber of Commerce and Industry) official.
For those who may not be aware, the MPR is a key monetary policy rate set by the State Bank of Pakistan (SBP) to regulate inflation and economic growth. The recent retention of MPR at 14% has sent shockwaves through the business community, as it may lead to increased borrowing costs, reduced consumer spending, and slower economic growth.
The LCCI official's statement likely expressed concerns about the potential impact of this decision on the business community, including:
- Increased borrowing costs: With the MPR retained at 14%, interest rates on loans and credit may increase, making it more expensive for businesses to access capital.
- Reduced consumer spending: Higher interest rates can lead to reduced consumer spending, as individuals and households may be more cautious with their finances.
- Slower economic growth: The increased borrowing costs and reduced consumer spending can lead to slower economic growth, which may negatively impact businesses and the overall economy.
The LCCI official may have also highlighted the need for the SBP to consider the potential consequences of this decision on the business community and the economy as a whole.
Would you like me to provide more information on the potential impact of this decision or the current economic situation in Pakistan?