State Bank of Pakistan (SBP) will announce the monetary policy statement on November 30, 2011. According to the SBP spokesman, the Central Board of Directors of the Central Bank will approve the monetary policy statement for next two months in its meeting to be held on September 30. Earlier, the SBP had reduced interest rates by 1.5 percent to 12 percent in its monetary policy statement announced on October 08, 2011.