AGL37.82▼ -0.05 (0.00%)AIRLINK133.23▲ 9.22 (0.07%)BOP5.64▼ -0.05 (-0.01%)CNERGY3.77▲ 0.01 (0.00%)DCL8.86▲ 0.33 (0.04%)DFML40.94▲ 0.47 (0.01%)DGKC89.69▲ 2.69 (0.03%)FCCL35.06▲ 1.15 (0.03%)FFBL66.54▲ 0.28 (0.00%)FFL10.13▼ -0.06 (-0.01%)HUBC106.56▲ 2.71 (0.03%)HUMNL13.33▼ -0.17 (-0.01%)KEL4.85▲ 0.18 (0.04%)KOSM6.8▼ -0.05 (-0.01%)MLCF41.53▲ 2.75 (0.07%)NBP58.65▼ -2.05 (-0.03%)OGDC180.64▲ 1.15 (0.01%)PAEL25.62▲ 0.64 (0.03%)PIBTL5.8▲ 0.1 (0.02%)PPL147.77▼ -4.13 (-0.03%)PRL23.16▲ 0.42 (0.02%)PTC15.2▲ 0.22 (0.01%)SEARL68.69▲ 2.02 (0.03%)TELE7.23▲ 0.19 (0.03%)TOMCL35.94▲ 0.4 (0.01%)TPLP7.36▲ 0.04 (0.01%)TREET14.15▲ 0.13 (0.01%)TRG50.75▼ -0.15 (0.00%)UNITY26.45▲ 0.06 (0.00%)WTL1.21▼ -0.01 (-0.01%)

Monetary Policy Committee to meet today to decide policy rate

Saudi Arabia deposit
Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

Karachi: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet today at SBP Karachi to decide the key policy rate for the next month and a half.

According to the SBP, the Committee will issue the Monetary Policy Statement through a press release as well.

In its last meeting on August 22, the MPC decided to keep the policy rate unchanged at 15%.

“With recent inflation developments in line with expectations, domestic demand beginning to moderate, and the external position showing some improvement due to a lower trade deficit and resumption of the IMF (International Monetary Fund) program, the MPC felt that it was prudent to take a pause at this stage,” the MPC had said after the meeting.

This time as well, as many analysts believe, the Committee could keep the policy rate unchanged considering a fall in inflation reading to 23.2% in September compared to a 47-year high of 27.3% in the prior month.

Compared to the last meeting, this time there is a new Finance Minister, who is following his old recipe of running a controlled economy, and will like to see an easy monetary policy and a new Governor of the State Bank.

It is important to know that since September 2021, the SBP has increased the rate by a cumulative 800 basis points to hit 15%.

Related Posts