KARACHI: The State Bank of Pakistan (SBP) announced a significant reduction in its policy rate, cutting it by 200 basis points to 13% during its monetary policy meeting on Monday. The new rate will take effect on December 17, 2024. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate … Read more
KARACHI: The State Bank of Pakistan (SBP) on Monday decided to maintain the policy rate at 22 percent for the seventh consecutive session. This decision followed a meeting of the bank’s Monetary Policy Committee (MPC). According to a statement by the MPC, the emphasis remains on continuing the current monetary policy stance to reduce inflation … Read more
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
KARACHI: The State Bank of Pakistan (SBP) on Friday announced to increase its policy (interest) rate by 100 basis to 16 percent. The decision was taken by the Central Bank’s Monetary Policy Committee (MPC) that met here at SBP Main Building, said the SBP statement. This decision reflected the MPC’s view that inflationary pressures had … Read more
