KARACHI: State Bank of Pakistan (SBP) on Monday cautiously decided to keep policy rate at 22 per cent on pretext of elevated inflation expectations that required continuity of the current monetary stance to bring inflation down. The Monetary Policy Committee (MPC) also emphasized on timely realization of planned external inflows along with continued targeted fiscal … Read more
In line with experts’ anticipation, the State Bank of Pakistan (SBP) on Monday decided to leave its key interest rate unchanged at 22% for the fifth consecutive time in the past nine months. “The [Monetary Policy Committee] MPC noted that despite the sharp decline in February, inflation remains at elevated level. The inflation outlook is … Read more
KARACHI: The State Bank of Pakistan (SBP) on Monday opted to maintain the current interest rate at 22 per cent. The decision was announced by Governor of the State Bank of Pakistan Jameel Ahmed, following a meeting of the bank’s Monetary Policy Committee (MPC) earlier in the day. Governor Jameel Ahmed highlighted that the inflation … Read more
KARACHI: In accordance with prevailing market predictions, the State Bank of Pakistan (SBP) opted to keep the key interest rate steady at 22% during its fourth consecutive Monetary Policy Committee (MPC) meeting. The decision reflects a strategic approach, allowing the effects of prior rate hikes to permeate the economy and address persistently high retail inflation. … Read more
KARACHI: The State Bank of Pakistan (SBP) maintained its benchmark interest rate, which represents the cost of borrowing from banks, at 22 percent. This decision was reached following a meeting of the Monetary Policy Committee (MPC) and reaffirmed the policy rate at 22 percent. In its statement, the MPC emphasized the importance of continuing the … Read more
KARACHI: The State Bank of Pakistan (SBP) has increased the interest rate by 300 basis points (bps) to 20% to meet one of toughest conditions of the International Monetary Fund (IMF). The Monetary Policy Committee (MPC), which was supposed to originally meet on March 16, 2023 but it held an emergency meeting to deal with … Read more
The State Bank of Pakistan (SBP) has increased the interest rate by 150 basis points to 13.75% for the next six weeks to maintain the balance between inflation and economic growth. Read more: Strategic dialogues between Pakistan and IMF to begin today According to the SBP statement issued on Monday, the Monetary Policy Committee (MPC) has … Read more
State Bank of Pakistan has issued the new monetary policy according to which the monetary policy committee has decided to maintain the interest policy rate at 7 percent. According to the press release issued by SBP on Monday, it was maintaining the benchmark interest rate of 7 percent. A statement was included after a meeting … Read more
