AVN 61.75 Decreased By ▼ -5.01 (-7.5%)
BOP 8.73 Decreased By ▼ -0.27 (-3%)
CHCC 126.50 Decreased By ▼ -3.97 (-3.04%)
DCL 8.91 Decreased By ▼ -0.36 (-3.88%)
DGKC 102.26 Decreased By ▼ -2.12 (-2.03%)
EFERT 66.55 Decreased By ▼ -0.45 (-0.67%)
EPCL 43.25 Decreased By ▼ -1.65 (-3.67%)
FCCL 20.45 Decreased By ▼ -0.77 (-3.63%)
FFL 13.59 Decreased By ▼ -1.02 (-6.98%)
HASCOL 13.47 Decreased By ▼ -0.80 (-5.61%)
HBL 128.50 Decreased By ▼ -2.50 (-1.91%)
HUBC 78.86 Decreased By ▼ -1.38 (-1.72%)
HUMNL 6.38 Decreased By ▼ -0.47 (-6.86%)
JSCL 21.83 Decreased By ▼ -1.97 (-8.28%)
KAPCO 27.49 Decreased By ▼ -0.42 (-1.5%)
KEL 3.60 Decreased By ▼ -0.08 (-2.17%)
LOTCHEM 11.78 Decreased By ▼ -0.38 (-3.13%)
MLCF 37.25 Decreased By ▼ -2.02 (-5.14%)
OGDC 92.36 Decreased By ▼ -2.01 (-2.13%)
PAEL 30.45 Decreased By ▼ -2.11 (-6.48%)
PIBTL 11.79 Decreased By ▼ -0.45 (-3.68%)
PIOC 84.85 Decreased By ▼ -2.75 (-3.14%)
POWER 9.15 Decreased By ▼ -0.55 (-5.67%)
PPL 82.54 Decreased By ▼ -2.47 (-2.91%)
PSO 186.49 Decreased By ▼ -6.55 (-3.39%)
SNGP 42.50 Decreased By ▼ -3.80 (-8.21%)
STPL 13.30 Decreased By ▼ -0.60 (-4.32%)
TRG 51.10 Decreased By ▼ -3.83 (-6.97%)
UNITY 23.30 Decreased By ▼ -0.91 (-3.76%)
WTL 0.99 Decreased By ▼ -0.04 (-3.88%)
BR100 4,112 Decreased By ▼ -52.44 (-1.26%)
BR30 20,622 Decreased By ▼ -320.58 (-1.53%)
KSE100 39,633 Decreased By ▼ -554.66 (-1.38%)
KSE30 16,693 Decreased By ▼ -209.85 (-1.24%)
Business

State Bank MPC on Monday

  • Back in September, SBP decided to keep the policy rate unchanged at 7 percent.
20 Nov 2020

The Monetary Policy Committee of State Bank of Pakistan (SBP) will meet on Monday, November 23, 2020 at SBP Karachi to decide about Monetary Policy.

Later on, SBP will issue the Monetary Policy Statement on the same day.

Back in September, SBP decided to keep the policy rate unchanged at 7 percent as the committee was of the view that the current monetary policy stance is appropriate to support the emerging recovery while safeguarding inflation expectations and financial stability.

Governor SBP said the committee considered key trends and prospects in the real, external, and fiscal sectors and the resulting outlook for monetary conditions and inflation and finally decided to maintain the status quo.

However, at the same time, the forecast for inflation has raised slightly, primarily due to recent supply side shocks to food prices, he said, adding that average inflation is now expected to fall within the previously announced range of 7-9 percent during FY21, rather than marginally below.