rate
-
SBP reduces policy rate by 1.5% ahead of budget
.
[ad_1] The State Bank of Pakistan building in Karachi. — APP/file KARACHI: The State Bank of Pakistan (SBP) on Monday announced to cut the policy rate by 150 basis points, marking its first rate reduction in nearly four years. The decision to cut the key rate to 20.5% comes two days ahead of budget and…
-
PSX slumps over pre-budget, policy rate worries | The Express Tribune
.
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) endured a turbulent week where it plunged over 2,000 points as investors were worried about the potential increase in capital gains tax (CGT) and due to uncertainty over the State Bank of Pakistan’s (SBP) monetary policy announcement. Investors were wary ahead of the budget presentation next week where taxes…
-
NEPRA notifies Rs3.76 per unit electricity rate hike | The Express Tribune
.
[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified an increase in electricity rates by up to Rs3.76 per unit due to a quarterly adjustment. The hike allows power companies to recover over Rs46 billion from consumers for the third quarter of FY 2023-24. Of this total, Rs28.515 billion will be charged as…
-
SBP holds key policy rate at 22% | The Express Tribune
.
[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its key policy rate unchanged at a record high of 22% for the seventh consecutive time in the past 10 months, ahead of the IMF executive board’s final approval for the release of the last tranche of $1.1 billion on Monday. The country…
-
Real interest rate turns positive | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s real interest rate – the current interest rate minus the inflation reading – has entered positive territory on a spot basis after a gap of 37 months on Monday, increasing the probability that the central bank will make the first cut in its policy rate in the next monetary policy scheduled for…
-
Turkey raises interest rate by 500bps to ‘anchor inflation’
.
[ad_1] The Central Bank of the Republic of Türkiye (CBRT) headquarters in Ankara, Türkiye. — AFP/File In a bid to curb rampant inflation, Turkey’s central bank Thursday raised policy rate by 500 basis points to 50%, a move that stunned the market. As per the statistics, Turkey’s annual inflation swelled to 67.07% in February from…
-
SBP keeps policy rate unchanged at 22% as inflationary risks remain
.
[ad_1] State Bank of Pakistan logo seen on a wall in this undated image. — Bloomberg/File The State Bank of Pakistan (SBP) has decided to keep the monetary policy rate unchanged at 22%, the central bank said in an official statement after the Monetary Policy Committee (MPC) earlier today (Monday). At its meeting, the Committee…
-
SBP keeps policy rate unchanged for fifth consecutive time | The Express Tribune
.
[ad_1] KARACHI: The State Bank of Pakistan (SBP) left its key policy rate unchanged on Monday at a record high of 22% for the fifth consecutive time in the past nine months, taking a cautious approach against a likely uptick in inflation readings amid the ongoing talks with the International Monetary Fund (IMF). In its…
-
SBP expected to maintain policy rate in meeting today
.
[ad_1] State Bank of Pakistan’s (SBP) old building. — AFP/File The monetary policy rate is likely to remain unchanged as the monetary policy committee of the State Bank of Pakistan (SBP) conducts a meeting in Karachi today. In a statement on Monday, the central bank said its committee will meet today to decide on the…
-
SBP faces dilemma over interest rate | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to determine the benchmark interest rate for the next six weeks. It will be a highly tricky meeting with almost half of the financial experts and key investors betting on the bank cutting the rate, while the remaining half believe the financial regulator will…
