Real interest rate turns positive | The Express Tribune

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 late […]

Turkey raises interest rate by 500bps to ‘anchor inflation’

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 64.86% […]

SBP keeps policy rate unchanged at 22% as inflationary risks remain

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 noted […]

SBP keeps policy rate unchanged for fifth consecutive time | The Express Tribune

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 latest […]

SBP expected to maintain policy rate in meeting today

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 new […]

SBP faces dilemma over interest rate | The Express Tribune

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 leave […]

SBP keeps policy rate unchanged at 22%

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 in […]

Experts see no change in policy rate | The Express Tribune

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 of […]

SBP holds policy rate at 22%

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 it […]

SBP holds key rate at 22% for fourth straight meeting | The Express Tribune

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 consecutive […]

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