Employers criticize increase in key policy rate
Karachi: Employers have strongly criticized the State Bank of Pakistan (SBP) for recent increase in policy rate amid rising inflation.
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Tag: Monetary Policy
Stocks end up 370 points in late hours buying
KARACHI: Stocks ended up by 370 points on Tuesday owing to late hours buying before the closing. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43.247 points from the previous day’s closing of 42,876 points. Analysts at Topline Securities said that it was a lacklustre day at PSX today where KSE-100 Index […]
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Key policy rate goes up to 9.75%; SBP raises 250bps in less than month
KARACHI: The State Bank of Pakistan (SBP) on Tuesday increased the key policy rate by 100 basis points to 9.75 per cent. The decision was as per expectations of the market. This is the second increase in policy rate in less than a month. The SBP on November increased the policy rate by 150 basis […]
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SBP issues clarification on monetary policy decision
KARACHI: The State Bank of Pakistan (SBP) on Monday issued a clarification on media reports regarding the monetary policy decisions. The SBP said that over the past few weeks, certain sections of the media including op-eds have expressed concerns over the actions of the SBP, particularly with regard to monetary policy decisions and the role […]
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State Bank enhances frequency of MP reviews to eight
KARACHI: State Bank of Pakistan (SBP) on Friday decided to increase the frequency of monetary policy reviews to eight in a year instead of the existing six reviews. In continuation of efforts to make the process of monetary policy formulation more predictable and transparent in line with international best practices, the SBP decided to increase […]
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SBP increases policy rate by 150 basis points to 8.75%
KARACHI: The State Bank of Pakistan (SBP) on Friday decided to increase the key policy rate by 150 basis points to 8.75 per cent for next two months from the existing 7.25 per cent. At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 8.75 percent. […]
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Key policy rate may up by 100bps in hawkish stance
KARACHI: The State Bank of Pakistan (SBP) is set to announce monetary policy on November 19, 2021 and analysts believe the central bank may remain hawkish. Analysts at Arif Habib Limited said that the monetary policy committee of SBP will convene on Friday, November 19, 2021 to announce the monetary policy for the next two […]
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SBP decides early announcement of monetary policy
KARACHI: The State Bank of Pakistan (SBP) has altered its monetary policy announcement date, advancing it to November 19, 2021, from the initially scheduled date of November 26, 2021.
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SBP announces first policy rate increase in 26 months
KARACHI: The State Bank of Pakistan (SBP) on Monday announced first increase in key policy rate by 25 basis points in past 25 months. Previously, the SBP announced the increase in policy rate of 100 basis points to 13.25 per cent. The SBP kept the policy rate unchanged at 13.25 per cent till March 17, […]
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FPCCI recommends cut in key policy rate by 100bps
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended a reduction of 50 – 100 basis points in the key policy rate, according to a statement issued on Monday. The existing policy rate is seven per cent. A monetary policy survey – conducted recently prior to SBP’s Monetary Policy Committee (MPC) meeting […]
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