policy rate Archives - Page 5 of 7

Majority of Survey Respondents Expect SBP to Maintain Policy Rate at 22%

October 20, 2023October 20, 2023Shahnawaz Akhter

Karachi, October 20, 2023 – The majority of respondents in a recent survey have expressed their belief that the State Bank of Pakistan (SBP) is likely to keep its benchmark policy rate unchanged at 22 percent in its next review.

State Bank of Pakistan Announces Monetary Policy Meeting Schedule

September 12, 2023September 12, 2023Faisal Shahnawaz

Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) has officially disclosed the date for its upcoming Monetary Policy Committee (MPC) meeting.

Pakistani Banks Raise Lending Cost to Record High at 24.62%

September 8, 2023September 8, 2023Shahnawaz Akhter

Karachi, September 8, 2023 – Analysts have reported that Pakistani banks have raised lending costs to a record high of 24.62 percent, indicating potential actions by the central bank to increase its benchmark policy rate to an all-time high in the near future.

SBP Ready to Unveil Interest Rate Fate Following IMF Deal

July 27, 2023July 27, 2023Faisal Shahnawaz

Karachi, July 27, 2023 – The State Bank of Pakistan (SBP) is poised to make a crucial decision on the benchmark interest rate following the successful conclusion of a loan deal with the International Monetary Fund (IMF).

Market Divided on SBP’s Upcoming Monetary Policy Meeting

July 20, 2023July 20, 2023Shahnawaz Akhter

Karachi, July 20, 2023: Market participants are divided over the State Bank of Pakistan’s (SBP) decision on whether to raise the benchmark policy rate further in the upcoming monetary policy meeting.

SBP Surprises with 100 Basis Point Increase in Benchmark Policy Rate to 22%

June 26, 2023July 1, 2023Shahnawaz Akhter

Karachi, June 26, 2023 – In an unexpected move on Monday, the State Bank of Pakistan (SBP) raised the benchmark key policy rate by 100 basis points to 22 percent.

SBP raises benchmark rate to 21% amid inflationary concerns

April 4, 2023April 4, 2023Faisal Shahnawaz

During its meeting on Tuesday, the Monetary Policy Committee (MPC) announced to raise the benchmark policy rate by 100 basis points to 21 percent.

Headline inflation may soar to historic high; further rate hike likely

March 27, 2023March 27, 2023Faisal Shahnawaz

Pakistan headline inflation may soar to historic high in March 2023, which is likely to force the central bank for further interest rate hike.

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.

High inflation may compel SBP to further raise interest rate to 18pc: analysts

January 10, 2023January 10, 2023Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) may further raise benchmark interest rate by 2 per cent to 18 per cent from existing 16 per cent during next six months owing to high inflation, analysts said on Tuesday.

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