KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce the monetary policy on December 14, 2021, in which the central bank may further increase the policy rate by 100 basis points to 150 basis points, analysts said on Thursday. In the last policy announcement on November 19, 2021, the central bank surprisingly increased … Read more
KARACHI: The State Bank of Pakistan (SBP) on Monday clarified media reports over its stance on the recently announced monetary policy. The SBP said that over the last few weeks, certain sections of the media, including op-eds have expressed concerns over the actions of the State Bank of Pakistan, particularly regarding the monetary policy decisions … Read more
KARACHI: The bank customers would be receiving at least a 7.25 percent interest rate on their saving account from December 01, which is followed by a hike in the policy rate to 8.75 percent, stated State Bank of Pakistan (SBP). In a series of tweets SBP shared the details of the policy rate for bank … Read more
KARACHI: The State Bank of Pakistan (SBP) on Friday declared an upsurge of 150 basis points in its policy rate to hold rising inflation, which intimidates to undermine the economy of Pakistan. The SBP stated that the conclusion to escalate the interest rate to 8.75% is taken due to dangers linked to inflation. According to … Read more
