AVN 68.48 Increased By ▲ 1.38 (2.06%)
BAFL 31.00 No Change ▼ 0.00 (0%)
BOP 4.91 Increased By ▲ 0.01 (0.2%)
CNERGY 3.75 Decreased By ▼ -0.03 (-0.79%)
DFML 14.23 Decreased By ▼ -0.20 (-1.39%)
DGKC 41.64 Decreased By ▼ -0.21 (-0.5%)
EPCL 45.37 Decreased By ▼ -1.20 (-2.58%)
FCCL 11.71 Increased By ▲ 0.02 (0.17%)
FFL 5.10 Increased By ▲ 0.03 (0.59%)
FLYNG 5.85 Increased By ▲ 0.05 (0.86%)
GGL 10.41 Decreased By ▼ -0.01 (-0.1%)
HUBC 68.50 Increased By ▲ 0.50 (0.74%)
HUMNL 5.75 Decreased By ▼ -0.01 (-0.17%)
KAPCO 28.22 Increased By ▲ 0.12 (0.43%)
KEL 2.26 Decreased By ▼ -0.03 (-1.31%)
LOTCHEM 25.10 Increased By ▲ 0.05 (0.2%)
MLCF 21.58 Decreased By ▼ -0.11 (-0.51%)
NETSOL 88.35 Increased By ▲ 2.35 (2.73%)
OGDC 99.30 Increased By ▲ 6.92 (7.49%)
PAEL 11.11 Increased By ▲ 0.02 (0.18%)
PIBTL 4.23 Decreased By ▼ -0.01 (-0.24%)
PPL 82.45 Increased By ▲ 2.30 (2.87%)
PRL 13.34 Decreased By ▼ -0.30 (-2.2%)
SILK 0.90 No Change ▼ 0.00 (0%)
SNGP 44.38 Increased By ▲ 0.91 (2.09%)
TELE 6.18 Increased By ▲ 0.22 (3.69%)
TPLP 15.81 Increased By ▲ 0.08 (0.51%)
TRG 119.75 Increased By ▲ 4.74 (4.12%)
UNITY 14.10 Increased By ▲ 0.25 (1.81%)
WTL 1.26 Increased By ▲ 0.10 (8.62%)
BR100 4,171 Increased By 47 (1.14%)
BR30 15,253 Increased By 323.5 (2.17%)
KSE100 41,645 Increased By 454.1 (1.1%)
KSE30 15,700 Increased By 205.9 (1.33%)
Follow us

KARACHI: The State Bank of Pakistan (SBP) on Friday decided to increase ‘Policy Rate’ (Target Rate) from 15 percent to 16 percent.

Now SBP Overnight Reverse Repo (Ceiling) rate will be 17 percent, i.e., 100 bps above the SBP Policy Rate. While, the SBP Overnight Repo (Floor) rate will be at 15 percent, i.e., 100 bps below the SBP Policy Rate.

Accordingly, the Floor and Ceiling levels for the Interest Rate Corridor are 15 percent and 17 percent p.a. respectively (i.e. width of 200bps).

SBP raises key interest rate by 100bps, takes it to 16%

SBP said that it will continue to ensure that the money market overnight rate remains close to the SBP Policy Rate (Target Rate). These changes will be effective from Nov 28, 2022. Other instructions on the subject shall, however, remain unchanged.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Ihsanullah Butt Nov 27, 2022 07:15am
Interest rate should be as low as possible for condusive business environment,so that low income people can also start business
thumb_up Recommended (0)
hameed shaheen Nov 27, 2022 03:42pm
SBP should fund fast track massive national skills imparting to youth to enable then earn huge foreign exchange for Pakistan. Short term courses of six months, one year be made to produce at least 150 million both gender skilled youth. It is the only way to end hellish poverty, burgeoning joblessness.
thumb_up Recommended (0)
Ahmad Azeez Nov 27, 2022 03:57pm
@Ihsanullah Butt , no low income person is starting a business in this uncertainty. Better to have high rate to control inflation
thumb_up Recommended (0)

Overnight reverse repo (ceiling) rate to be 17pc

Intra-day update: rupee down against US dollar

PM Shehbaz orders establishment of relief fund to aid Turkiye

Intra-day update: KSE-100 Index up over 500 points

IMF should work with Pakistan to protect the deprived: Human Rights Watch

Toshakhana case: Islamabad court defers Imran Khan's indictment

Earthquake kills more than 4,800 in Turkiye, Syria

High-income earners directed to pay 50pc of super tax liability

Policy-level talks with IMF begin today

NA clears Trade Dispute Resolution Bill, 2022

Imran optimistic about prospects of ‘jail bharo’ protest