Tag: Interest rate
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Experts predict two per cent rate cut as inflation plummets to 44-month low
Business owners look towards the State Bank of Pakistan (SBP) to cut interest rates yet again as the inflation rate reached a low of 6.9 per cent in September 2024. The interest rate is expected to fall around two per cent to 15.5 per cent – the lowest in around four years. The SBP, like…
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SBP lowers policy rate to 19.5%, citing improved inflation trends
In a move aimed at stimulating economic activity, the State Bank of Pakistan (SBP) has lowered its key policy rate by 100 basis points, bringing it down to 19.5 per cent. SBP Governor Jameel Ahmad announced the rate cut during a press conference on Monday, highlighting that June 2024 inflation figures were slightly better than…
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SBP expected to cut policy rate on Monday
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to convene on Monday, June 10, to deliberate on the nation’s monetary policy. This crucial meeting will be closely watched by market participants and economic analysts.
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SBP holds key policy rate at 22% for seventh consecutive time
The State Bank of Pakistan (SBP) announced on Monday that it is maintaining its key policy rate at 22 per cent, marking the seventh consecutive meeting with no changes to the rate.
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SBP likely to hold interest rate at record 22% amid IMF negotiations
The State Bank of Pakistan (SBP) is expected to maintain its record 22 per cent interest rate at its upcoming policy meeting on Monday.
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State Bank of Pakistan set to announce policy rate decision today
The State Bank of Pakistan (SBP) will soon unveil its latest monetary policy for the upcoming two months.
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SBP expected to increase interest rates again on IMF insistence
The State Bank of Pakistan (SBP) is reportedly considering increasing the interest rate by 2 per cent during the upcoming Monetary Policy Committee (MPC) meeting in a bid to unlock the International Monetary Fund (IMF) programme. This follows failed negotiations between the Shehbaz Sharif-led government and the IMF, with the latter demanding that Pakistan raise…
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SBP set to raise interest rates in response to IMF’s call for tighter monetary policy
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) is expected to raise interest rates during an off-cycle review scheduled for today. The decision to hold this meeting earlier than the previously scheduled date of March 16th was made in an effort to expedite efforts to secure the anticipated International Monetary Fund (IMF) tranche.…
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Pakistan accepts IMF pre-condition to increase interest rate by 2%
Pakistan has agreed to increase its policy (interest) rate by two percent or 200 basis points, as a pre-condition for the release of $1.1 billion in critical funding from the International Monetary Fund (IMF). The funding is part of a $6.5 billion bailout package. The increase is based on rates set by the government in…
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SBP hikes key interest rate by 100 bps to 17%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 100 basis points to 17 per cent, which is highest since October 1997. The MPC of the State Bank convened today with Governor SBP Jameel Ahmad in the chair to announce the first scheduled monetary policy for the…