Trends - Monetary Policy Committee

Monetary Policy Committee

Bank of England hikes rate despite banking turmoil

LONDON: The Bank of England on Thursday hiked its interest rate for the eleventh time in a row, as policymakers seek...

Published 23 Mar, 2023 06:17pm

Auction for MTBs: Rs1.57trn raised against Rs1.8trn target

KARACHI: The returns on short-term government papers rose to 21 percent in the auction held Wednesday, mainly due to...

Updated 09 Mar, 2023 08:54am

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

Steel industry concerned at interest rate hike

ISLAMABAD: The steel industry, on Thursday, urged the government to take immediate action to ensure the availability...

Updated 03 Mar, 2023 09:01am

MPC to meet today

KARACHI: The emergent meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be ...

Updated 02 Mar, 2023 09:13am

Pakistan

Hikes in interest rate appear to be redundant: business community

In letter to SBP governor, FPCCI questions policy rate efficacy in curbing inflation

Updated 01 Mar, 2023 06:50pm

MPC to meet tomorrow: Hike in policy rate on the cards?

KARACHI: The SBP’s Monetary Policy Committee (MPC) meeting has preponed and now it will be held on March 02, 2023...

Updated 01 Mar, 2023 09:10am

Business & Finance

MPC meeting on March 2: market expects 200bps hike in key policy rate

In a widely expected move, the State Bank of Pakistan (SBP) on Tuesday morning announced that its Monetary Policy...

Updated 28 Feb, 2023 04:59pm

Business & Finance

Next MPC meeting so far scheduled on March 16, says SBP

SBP chief spokesperson's statement comes amid widespread speculation the central bank is likely to increase interest rate in off-cycle review

Published 23 Feb, 2023 08:38pm

Business & Finance

Nigeria central bank raises rates by 100 bps despite inflation dip

ABUJA: Nigeria’s central bank raised its benchmark lending rate by 100 basis points (bps) to 17.5% in a decision...

Published 24 Jan, 2023 04:48pm

Policy rate hiked to 17pc to rein in soaring inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ...

Updated 24 Jan, 2023 09:05am

Business & Finance

SBP raises EFS & LTFF rates by 2pc to 13pc

KARACHI: The State Bank of Pakistan (SBP) Thursday announced increase in the Export Finance Scheme (EFS) and...

Published 30 Dec, 2022 05:50am

Markets

Monetary Policy Committee: SBP issues advance calendar for meetings in January-June 2023

Central bank schedules 4 meetings of Monetary Policy Committees during six-month period

Published 26 Dec, 2022 05:39pm

Markets

China central banker calls for strengthening property sector policies

SHANGHAI: A top advisor to the People’s Bank of China on Saturday called for strengthening of real estate policy in...

Published 24 Dec, 2022 01:17pm

Markets

Indonesia central bank says monetary policy to remain pro-stability

JAKARTA: Indonesia’s central bank governor Perry Warjiyo said on Wednesday that monetary policy will remain...

Published 30 Nov, 2022 09:24am

Editorials

MPS makes grim but unsurprising reading

EDITORIAL: The Monetary Policy Committee (MPC) raised the policy rate by 100 basis points to 16 percent, reflecting...

Published 28 Nov, 2022 06:09am

Policy rate hiked to 16pc to quell biting inflation

Including this 100bps increase, SBP has raised its key rate by 625bps cumulatively in 2022
Policy rate jumps to 23-year high

Updated 26 Nov, 2022 12:48pm

Markets

India’s central bank likely to go for smaller rate hikes as inflation eases

MUMBAI: The Reserve Bank of India is likely to opt for a 35 basis points (bps) rate hike at its policy meeting in...

Published 15 Nov, 2022 11:36am

Editorials

Oct economic update

EDITORIAL: The final remarks of the monthly economic update and outlook uploaded on the Ministry of Finance website...

Published 11 Nov, 2022 05:54am

Business & Finance

Bank of England makes historic rate hike despite ‘very challenging’ outlook

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 as...

Updated 03 Nov, 2022 08:40pm

Markets

India central bank’s policy committee meets to discuss first inflation target miss

MUMBAI: Reserve Bank of India’s monetary policy committee (MPC) will meet on Thursday, outside its scheduled...

Published 01 Nov, 2022 11:39am

Business & Finance

MPS on 10th

KARACHI: The Monetary Policy Committee of State Bank of Pakistan (SBP) will meet on Monday (Oct 10) at SBP Karachi ...

Published 07 Oct, 2022 05:59am

Business & Finance

Monetary policy: majority expects status quo in key interest rate

SBP is currently scheduled to hold the Monetary Policy Committee meeting on October 10

Updated 05 Oct, 2022 09:44am

Markets

India’s key policy rate raised by 50 bps as widely predicted

MUMBAI: The Reserve Bank of India’s benchmark repo rate was raised by 50 basis points on Friday, the fourth straight...

Published 30 Sep, 2022 10:09am

Business & Finance

India govt ‘in no hurry’ on medium-term inflation target

NEW DELHI: India’s government is in no hurry to push inflation - now hovering near 7% and eight-year highs - back to...

Published 21 Sep, 2022 11:38am

Editorials

Outlook characterised by grim uncertainties

EDITORIAL: As per reports, the Update and Outlook August 2022, compiled by the finance division, Pakistan’s...

Published 30 Aug, 2022 06:21am

Policy rate kept unchanged at 15pc: MPC sees headline inflation surging to its peak in Q1

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to maintain the policy...

Updated 23 Aug, 2022 09:21am

Pakistan

Monetary policy: SBP keeps key interest rate unchanged at 15%

Monetary Policy Committee says with recent inflation developments in line with expectations, domestic demand beginning to moderate and the external position showing some improvement, it felt it was prudent to take a pause at this stage

Updated 22 Aug, 2022 05:10pm

Business & Finance

Monetary policy: a look at SBP's previous announcements

Central bank has hiked key interest rate by 525 basis points in its three previous announcements

Published 21 Aug, 2022 02:42pm

High interest rate, delay in LCs opening hurting steel industry

KARACHI: The country’s steel industry is facing a serious crisis due to higher interest rate and delay in opening...

Updated 15 Aug, 2022 10:32am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
K.S.B.Pumps / Mar 30 KSB Pumps Company Limited(KSBP)	110.72 ▲ 7.72 (7.50%)
Towellers Ltd. / Mar 30 Towellers Limited(TOWL)	233.92 ▲ 16.32 (7.50%)
Janana D Mal / Mar 30 Janana De Malucho Textile Mills Limited(JDMT)	41.33 ▲ 2.88 (7.49%)
Nagina Cot. / Mar 30 Nagina Cotton Mills Limited(NAGC)	59.87 ▲ 4.17 (7.49%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)
Gillette Pak / Mar 30 Gillette Pakistan Limited(GLPL)	113.11 ▼ -8.00 (-6.61%)
AL-Abbas Sugar / Mar 30 Al-Abbas Sugar Mills Limited(AABS)	345.20 ▼ -24.31 (-6.58%)
Invest Bank / Mar 30 Invest Capital Investment Bank Limited(ICIBL)	1.12 ▼ -0.07 (-5.88%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.26
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.00
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.20
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.03
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	5,821,000 ▼ -0.01
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.47
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.02
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	3,676,648 ▼ -0.01
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,347,500 ▲ 0.16
Oil & Gas Dev. / Mar 30 Oil & Gas Development Company Limited(OGDC)	2,864,156 ▼ -0.34

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	284.05
USD PKR Interbank Buying / Mar 30	283.80
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20165.78
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

Monetary Policy Committee

Most Popular Articles