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SBP jacks up monetary policy rate to 12.25%
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[ad_1] Building of State Bank of Pakistan. — AFP/File KARACHI: The State Bank of Pakistan (SBP) has set the monetary policy at 12.25%, a statement from the central bank said Thursday, as the country grapples with uncertainty around the outlook for international commodity prices and global financial conditions, which had been exacerbated by the Russia-Ukraine…
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In a surprise, SBP hikes interest rate to 12.5% | The Express Tribune
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[ad_1] KARACHI: In a surprising move on Thursday, the State Bank of Pakistan hiked the interest rate by 250 basis points to 12.5% citing that outlook for inflation has deteriorated and risks to external stability have risen. The meeting took place 12 days in advance. The State Bank of Pakistan Monetary Policy Committee was scheduled…
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In a surprise, SBP hikes interest rate to 12.25% | The Express Tribune
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[ad_1] KARACHI: In a surprising move on Thursday, the State Bank of Pakistan hiked the interest rate by 250 basis points to 12.25% citing that outlook for inflation has deteriorated and risks to external stability have risen. The meeting took place 12 days in advance. The State Bank of Pakistan Monetary Policy Committee was scheduled…
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Effects of US rate hike | The Express Tribune
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[ad_1] ISLAMABAD: As widely expected, the United States central bank, the Federal Reserve (Fed), has hiked the benchmark interest rate by 25 basis points (0.25 percentage point) in a bid to tame inflation. It is for the first time since December 2018 that Fed has raised the lending rate. Since the outbreak of Covid-19 in…
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NCOC to be closed soon amid drop in COVID-19 positivity rate: Faisal Sultan
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[ad_1] Special Assistant to the Prime Minister on National Health Services Dr Faisal Sultan. — PID/file ISLAMABAD: As the government’s effective measures are bearing fruit and the COVID-19 positivity rate has dropped below 2%, the government has decided to close down the National Command and Operations Centre (NCOC) soon, revealed Special Assistant to the Prime…
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Mortality rate from lumpy skin disease 1-5%, NA body told | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Food Security informed the National Assembly Standing Committee on Food Security that the mortality rate of lumpy skin disease in animals is between 1-5%. A meeting of the standing committee was held under the chairmanship of Rao Muhammad Ajmal Khan. Minister for Food Security Syed Fakhar Imam also attended the…
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Market watch: Stocks turn bullish over policy rate clarity | The Express Tribune
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[ad_1] KARACHI: Investor interest revived at the Pakistan Stock Exchange on Wednesday as the benchmark KSE-100 index regained some lost ground owing to the status quo maintained by the State Bank of Pakistan (SBP) in the monetary policy. Keeping in view the deteriorating geopolitical situation and the threat of escalation of war, a small chunk…
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SBP leaves interest rate unchanged | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank on Tuesday left the key policy rate unchanged at 9.75% for the next six weeks, suggesting that the rate stands at an appropriate level to further reduce inflationary pressure and avoid an extended slowdown in economic growth in the ongoing fiscal year. It, however, said it may convene the next…
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Monetary policy: SBP leaves interest rate unchanged at 9.75% | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, the State Bank of Pakistan left the benchmark interest rate unchanged at 9.75% for the next one and half month on Tuesday. The market had expected status quo in the interest rate after the State Bank of Pakistan (SBP) strongly hinted at status quo in the policy rate…
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Market sees no change in policy rate | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Tuesday to announce the key policy rate for the next six weeks to maintain balance between inflation reading and economic growth. In late January 2022, the State Bank of Pakistan (SBP) hinted at maintaining the status quo in policy rate at 9.75% (from March onwards).…
