Monetary Policy Archives - Page 5 of 11

Pakistan aggressively raises benchmark interest rate to 20%

March 2, 2023March 2, 2023Faisal Shahnawaz

KARACHI: Pakistan on Thursday aggressively raised the benchmark interest rate by 300 basis points to 20 per cent.

FPCCI advises SBP to avoid further monetary tightening

February 28, 2023February 28, 2023Hamza Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday suggested the State Bank of Pakistan (SBP) to avoid further monetary tightening.

Poll shows SBP may hike benchmark interest rate to 20%

February 28, 2023February 28, 2023Faisal Shahnawaz

KARACHI: A poll has shown that the State Bank of Pakistan (SBP) may increase the benchmark interest rate to 20 per cent in policy meeting on March 02, 2023.

Pakistan set to jack up benchmark interest rate on March 02

February 28, 2023February 28, 2023Faisal Shahnawaz

KARACHI: Pakistan is set to raise benchmark interest rate as the central bank has announced the monetary policy committee (MPC) to meet ahead of schedule on March 02, 2023.

SBP auctions MTBs at 20% cut-off yield; signals of massive policy rate hike

February 23, 2023February 23, 2023Hamza Shahnawaz

KARACHI: State Bank of Pakistan (SBP) on Wednesday sold Market Treasury Bills (MTBs) at about 20 per cent cut-off yield hinting massive increase in benchmark policy rate.

SBP raises benchmark rate by 100 basis points to check inflation

January 24, 2023January 24, 2023Faisal Shahnawaz

KARACHI: State Bank of Pakistan (SBP) on Monday raised benchmark policy rate by 100 points to 17 per cent to check inflationary pressure.

SBP to issue policy announcement on Jan 23; another hike of 100bps likely

January 20, 2023January 20, 2023Faisal Shahnawaz

KARACHI: State Bank of Pakistan (SBP) is scheduled to issue a monetary policy announcement on January 23, 2023 as the market is expecting another hike of 100 basis points to bring the benchmark rate to 17 per cent.

SBP may raise benchmark interest rate by 100bps to 17pc in upcoming policy announcement

January 16, 2023January 16, 2023Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) may increase the benchmark interest rate by 100 basis points to 17 per cent in upcoming policy announcement, analysts said on Monday.

SBP raises benchmark interest rate by 100 basis points to 16pc

November 25, 2022November 25, 2022Mrs. Anjum Shahnawaz

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 […]

SBP keeps policy rate unchanged at 15% amid economic deceleration

October 10, 2022October 10, 2022Faisal Shahnawaz

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 […]

Tag: Monetary Policy