KARACHI: Interest rates may see another reduction in the upcoming monetary policy, with market sources suggesting a potential cut ranging from 50 to 100 basis points, according to surveys.

Research houses conducted the surveys to gauge market expectations in light of the 2-3 per cent main inflation expected in February this year. However, the surveys revealed a divided opinion, with the majority anticipating a rate cut to be announced in the next monetary policy meeting, scheduled for March 10.

In a poll conducted by Topline Securities, market participants held varying views: 38pc believe the rates will remain unchanged, while 62pc expect a rate cut of at least........

© Dawn Business