AGL 38.50 Increased By ▲ 0.80 (2.12%)
AIRLINK 140.99 Increased By ▲ 6.42 (4.77%)
BOP 5.44 Decreased By ▼ -0.03 (-0.55%)
CNERGY 3.86 Increased By ▲ 0.02 (0.52%)
DCL 7.58 Increased By ▲ 0.15 (2.02%)
DFML 45.85 Increased By ▲ 0.38 (0.84%)
DGKC 77.80 Decreased By ▼ -0.20 (-0.26%)
FCCL 29.25 Decreased By ▼ -0.04 (-0.14%)
FFBL 56.40 Increased By ▲ 0.40 (0.71%)
FFL 8.59 Increased By ▲ 0.04 (0.47%)
HUBC 94.50 Decreased By ▼ -2.74 (-2.82%)
HUMNL 14.26 Increased By ▲ 0.07 (0.49%)
KEL 3.84 Decreased By ▼ -0.06 (-1.54%)
KOSM 6.81 Increased By ▲ 0.02 (0.29%)
MLCF 36.75 Increased By ▲ 0.45 (1.24%)
NBP 69.15 Decreased By ▼ -0.55 (-0.79%)
OGDC 164.50 Decreased By ▼ -2.50 (-1.5%)
PAEL 25.80 Increased By ▲ 0.47 (1.86%)
PIBTL 6.64 Decreased By ▼ -0.10 (-1.48%)
PPL 129.85 Decreased By ▼ -0.65 (-0.5%)
PRL 25.40 Increased By ▲ 0.01 (0.04%)
PTC 14.68 Decreased By ▼ -0.57 (-3.74%)
SEARL 58.40 Increased By ▲ 0.70 (1.21%)
TELE 6.89 Increased By ▲ 0.10 (1.47%)
TOMCL 34.54 Decreased By ▼ -0.25 (-0.72%)
TPLP 7.55 Decreased By ▼ -0.05 (-0.66%)
TREET 13.95 Increased By ▲ 0.04 (0.29%)
TRG 45.00 No Change ▼ 0.00 (0%)
UNITY 25.38 Increased By ▲ 0.30 (1.2%)
WTL 1.20 Decreased By ▼ -0.01 (-0.83%)
BR100 9,028 Decreased By -39.1 (-0.43%)
BR30 26,741 Decreased By -284.2 (-1.05%)
KSE100 85,070 Decreased By -191.4 (-0.22%)
KSE30 26,921 Decreased By -90.6 (-0.34%)

KARACHI: The Monetary Policy Committee (MPC) of the SBP will meet on Thursday (tomorrow) at SBP Karachi to decide about the Monetary Policy. Later on, the SBP will issue the Monetary Policy Statement through a press release on the same day.

In the previous monetary policy meeting held on July 31, the Committee kept the policy rate unchanged at 22 percent as the meeting noted that the economic uncertainty has decreased, whereas near-term external sector challenges have been largely addressed and investor confidence has shown improvement.

However, now the majority of analysts and economists are expecting further monetary tightening and an increase of up to 100-200 basis points increase in the key policy rate on rising inflationary pressure.

According to Topline, owing to the sharp spike in commodity prices, concerns over inflation, and the current account outlook, the cut-off yields in the recent T-Bill auction have increased by 162-213 bps, with cut-off yields now standing at 24.5 percent, 24.8 percent, and 25.1 percent for 3, 6, and 12 months, respectively.

Furthermore, secondary market yields on T-Bill and PIBs have increased since July 31, 2023. Therefore, there are expectations of further surge in the policy rate to address the economic risks.

Copyright Business Recorder, 2023

Comments

Comments are closed.