Karachi, March 24, 2020: At its last meeting on 17th March 2020, the Monetary Policy Committee (MPC) noted considerable uncertainty about how the Coronavirus outbreak would impact the global economy and Pakistan. In the statement issued following that meeting, the MPC “emphasized that it stood ready to take further actions if and when needed as…
Karachi, November 22, 2019: At its meeting on 22nd November 2019, the Monetary Policy Committee (MPC) decided to leave the policy rate unchanged at 13.25 percent. The decision reflected the MPC’s view that recent developments have had offsetting implications for the inflation outlook. On the one hand, recent inflation outturns have been on the higher…
Karachi, November 19, 2019: In the last Monetary Policy announcement, they kept the interest rate unchanged at 13.25 percent, is little chance for downward change in the interest rate in the forthcoming Monetary Policy. Ateeq Ur Rehman (Economic & Financial Analyst) requested for reduction in the interest rates. He said that the hike in interest rate…
Karachi, September 16, 2019: The Monetary Policy Committee (MPC) of State Bank of Pakistan has decided to leave the policy rate unchanged at 13.25 percent, at its meeting on 16th September 2019. The meeting was chaired by Governor State Bank of PakistanDr Reza Baqir. According to monetary policy statement, the decision reflected the MPC’s view…
Karachi, September 13, 2019: While most of the analysts are expecting status quo in upcoming monetary policy, analysts at Arif Habib Limited are seeing some 24 basis points cut in interest rate. The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy on September 16, 2019. “We expect the central bank to…