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SBP keeps policy rate unchanged at 22%
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[ad_1] SBP Governor Jameel Ahmad addressing a press conference in Karachi on January 29, 2024, in this still taken from a video. — Facebook/@StateBankofPakistan In line with market expectations, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) kept the key policy rate unchanged at 22%, as high inflation persists due to the rise…
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Experts see no change in policy rate | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to announce monetary policy for the next six weeks with a majority of experts anticipating no change in policy rate for now as the IMF has recommended to maintain a tight policy to overcome future economic challenges. At the same time, a notable section…
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SBP holds policy rate at 22%
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[ad_1] The State Bank of Pakistan. — Wikimedia Commons/File The State Bank of Pakistan, in line with wide market consensus, maintained the key policy rate at 22%, opting for a wait-and-see approach as it assesses the effectiveness of earlier monetary policy tightening in reducing inflation. In a statement, the Monetary Policy Committee (MPC) said that…
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SBP holds key rate at 22% for fourth straight meeting | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank on Tuesday left its key policy rate unchanged at a record high of 22% ahead of the International Monetary Fund (IMF) board’s potential approval for the release of the next loan tranche of $700 million to the country in January 2024. This was the fourth…
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7% policy rate cut projected for CY24 | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is expected to cut its benchmark policy rate – cost of lending to commercial banks – by seven percentage points during the next calendar year to 15%, which will revive the lifeline of affordable financing for industries that heavily rely on bank borrowing. Such industries mainly include textile, cement, steel…
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US unemployment rate rises to 3.9% as job growth declines in October
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[ad_1] Women walk past a “Now Hiring” sign outside a store on August 16, 2021 in Arlington, Virginia. — AFP Based on government data released on Friday, job growth in the United States slowed down in October, partly due to a strike by autoworkers as the unemployment rate edged up to 3.9%. The world’s biggest…
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SBP maintains status quo in interest rate at 22%
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[ad_1] The facade of the State Bank of Pakistan’s building in Karachi. — AFP/File In line with the market expectations, the State Bank of Pakistan (SBP) Monday decided to hold the key policy rate at 22%. In a statement, the central bank said: “At its meeting today, the Monetary Policy Committee (MPC) decided to maintain…
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SBP keeps key policy rate unchanged at 22pc | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its benchmark policy rate unchanged at a record high of 22% for the third time in a row in the past four months, saying the rate remains appropriate to create a balance between inflation reading and economic activities. In its latest monetary policy…
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ECC members oppose new benchmark loan rate | The Express Tribune
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[ad_1] ISLAMABAD: Amid opposition from Chinese sponsors to Pakistan’s plans to adopt a new benchmark rate for IPP loans, the economic managers have raised serious objections to the proposal submitted by the Power Division for revising the borrowing rate. The Power Division had called for a transition from the London Inter-bank Offered Rate (Libor) to…
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Gold rate released in Pakistan after a month’s hiatus
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP/File The rate of gold was released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) on Tuesday after a month’s hiatus and the price of the bullion slipped below Rs200,000 per tola. The price of gold (24 carats) decreased by Rs15,500 per…
