Pakistan aggressively raises benchmark interest rate to 20%
KARACHI: Pakistan on Thursday aggressively raised the benchmark interest rate by 300 basis points to 20 per cent.
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Tag: key policy rate
Pakistan repays $1.8 billion in November 2022: SBP
KARACHI: Pakistan has repaid an amount of $1.8 billion against foreign loans during November 2022, the central bank said in an analyst briefing on Friday. According to Insight Securities (Pvt) Limited, commenting on foreign loan payment, SBP governor highlighted that during the month of November 2022, the central bank had repaid loan of $1.8 billion. […]
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State Bank stuns market with massive policy rate hike
KARACHI: State Bank of Pakistan (SBP) on Friday surprised the market with a massive hike in policy rate by 100 basis points to 16 per cent. Analysts at Arif Habib Limited said that in the monetary policy meeting held on November 25, 2022, the SBP hiked the benchmark policy rate by 100 basis points to […]
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SBP raises benchmark interest rate by 100 basis points to 16pc
KARACHI: State Bank of Pakistan (SBP) on Friday raised the benchmark interest rate by 100 basis points to 16 per cent owing to inflationary pressure and risks to financial stability. The SBP said that the monetary policy committee in its meeting on November 25, 2022 decided to raise the policy rate by 100 basis points […]
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SBP to make policy announcement amid economic slowdown
KARACHI: State Bank of Pakistan (SBP) is scheduled to announce monetary policy on November 25, 2022 amid slowdown in the economy. SBP’s monetary policy committee is set to meet on November 25, 2022 to decide benchmark rate. As per the survey conducted by Insight Securities, majority (93 per cent) participants expect policy rate to remain […]
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State Bank reviews benchmark policy rate on November 25
KARACHI: State Bank of Pakistan (SBP) on Tuesday said it will review the benchmark policy rate on Friday, November 25, 2022. “The Monetary Policy Committee of SBP will meet on Friday, November 25, 2022 at SBP Karachi to decide about the Monetary Policy,” the SBP said in a statement. Analysts at Arif Habib Limited believed […]
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Poll suggests SBP to keep benchmark policy rate unchanged at 15pc
KARACHI: A poll has suggested that the State Bank of Pakistan (SBP) likely to keep benchmark policy rate at 15 in its monetary policy announcement scheduled for November 25, 2022. Topline Research conducted a Poll from market participants to assess their view on the upcoming Monetary Policy announcement. READ MORE: SBP keeps policy rate unchanged […]
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SBP keeps policy rate unchanged at 15% amid economic deceleration
KARACHI: State Bank of Pakistan (SBP) on Monday kept the benchmark key policy rate unchanged at 15 per cent owing to deceleration in economic activity and contraction in headline inflation. The SBP said that the Monetary Policy Committee (MPC) decided to maintain the policy rate at 15 per cent. The MPC noted the continued deceleration […]
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SBP likely to keep policy rate unchanged at 15%
KARACHI: State Bank of Pakistan (SBP) likely to keep policy rate unchanged at 15 per cent at its policy announcement scheduled on October 10, 2022. A report issued by Arif Habib Limited stated that the central bank may keep the policy rate unchanged at 15 per cent in the upcoming monetary policy. To recall, in […]
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SBP keeps benchmark rate unchanged at 15% amid rising inflation
KARACHI: The State Bank of Pakistan (SBP) on Monday decided to keep benchmark policy rate at 15 per cent despite inflation is moving upward. It is important to note that the central bank had already raised a cumulative 800 basis points since September 2021 to cool the overheating economy and contain the current account deficit. […]
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