Trends - Monetary Policy Committee

Monetary Policy Committee

SBP rolls out advance calendar of MPC meetings

It is pertinent to mention that a minimum of six MPC meetings are scheduled every year.
The SBP has lately taken a number of initiatives to modernize and increase transparency in the monetary policymaking process.

Published 20 May, 2021 01:35pm

Opinion

Private sector savings

The discount rate set by the Monetary Policy Committee (MPC) chaired by Governor State Bank of Pakistan (SBP) Dr ...

Published 17 May, 2021 06:14am

Business & Finance

Bank of Israel calls for more incentives to get people back to work

Five out of six MPC members had voted to keep Israel's benchmark interest rate at 0.1% on April 19, minutes of the discussions showed on Monday
"The opening of the economy and the return to normal life in Israel are expected to support continued rapid growth in the coming year," the minutes said.

Published 03 May, 2021 07:55pm

Business & Finance

Bank of England likely to slow bond purchases as economy rebounds

BoE policy decision and new forecasts due on May 6.
Growth outlook seen brightening as economy reopens.
Pace of bond purchases must slow to meet end-of-year target.

Published 29 Apr, 2021 06:37pm

Business & Finance

Egypt's central bank keeps key interest rates on hold

The bank's monetary policy committee held the overnight lending rate at 9.25% and the overnight deposit rate at 8.25% for a fourth consecutive time, after cutting rates in September and November.

Published 28 Apr, 2021 08:33pm

Business & Finance

BoE's Vlieghe says economy will need help even with swift rebound

Vlieghe said in an interview published on Monday that the yardstick for Britain's economic revival should not be just a few quarters of fast growth, but a full recovery of its labour market, too.
"My main message is don't think of the Bank Rate being linked to short-term growth in the economy, as that's not enough," he told TheBusinessDesk.com, a regional business news website.

Published 29 Mar, 2021 08:22pm

Markets

Thai central bank keeps key rate at record low, cuts 2021 GDP outlook

The Bank of Thailand's (BOT) monetary policy committee voted unanimously to hold the one-day repurchase rate at 0.50% for a seventh straight meeting.

Published 24 Mar, 2021 12:26pm

Markets

Thai central bank seen holding key rate steady, likely to cut GDP forecast

A recent weaker baht should also help exports, another key driver of Thailand's economy.

Published 22 Mar, 2021 11:07am

Opinion

MPS demonstrates astute SBP approach

There was no surprise. Majority of analysts were expecting no change based on the forward guidance State Bank of...

Published 21 Mar, 2021 04:05am

SBP keeps policy rate unchanged at 7pc

KARACHI: While, noting the uncertainty around the inflation and growth outlook, the Monetary Policy Committee (MPC)...

Updated 20 Mar, 2021 02:29pm

Business & Finance

BoE split over outlook

LONDON: The Bank of England said Britain's economic recovery was gathering pace thanks to the speed of COVID-19...

Published 19 Mar, 2021 05:32am

Business & Finance

Bank of England should push back against growth risks: Haskel

Commercial banks should follow BoE advice to make sure they are ready to implement negative interest rates, although the central bank does not yet know if they will be needed later this year, Haskel added.
Risk management considerations dictate that policy should lean strongly against downside risks to the outlook and I remain open to the possibility that the economy might need further support to return inflation to the target sustainably.

Published 05 Mar, 2021 09:05pm

Business & Finance

Bank of England's Haldane warns inflation ‘tiger’ is prowling

People are right to caution about the risks of central banks acting too conservatively by tightening policy prematurely.
"There is a tangible risk inflation proves more difficult to tame, requiring monetary policymakers to act more assertively than is currently priced into financial markets," Haldane said.

Published 26 Feb, 2021 06:09pm

Business & Finance

Moderate inflation in India provides room to support growth: MPC minutes

The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.
The near-term outlook for inflation appears less risky than the near-term challenges for growth which warrant continuing policy support, at least until the elusive engine of investment fires and consumption, the mainstay of aggregate demand in India, stabilizes.

Updated 22 Feb, 2021 10:04pm

Business & Finance

Negative rates may be BoE's best tool in future: Saunders

Saunders, one of nine members of the BoE's Monetary Policy Committee, said in December that he saw scope for borrowing costs modestly below zero.
"If we wanted to lower the yield curve from current levels, then I suspect a lower Bank Rate might be more appropriate," he told the Resolution Foundation think tank.

Published 18 Feb, 2021 08:59pm

Business & Finance

Bank of Israel to hold rates as economy poised for steep rebound

Rate decision due at 1400 GMT on Monday.
Inflation rate at -0.4% in January.
Economy contracted 2.4% in 2020, seen growing sharply in 2021.
Bank of Israel to buy at least $30 bln of FX to halt shekel rise.

Published 18 Feb, 2021 08:16pm

Business & Finance

India's Jan retail inflation likely softened to lowest since October 2019

Asia's third-largest economy was expected to contract 8.0% this fiscal year, its deepest slump in around four decades.

Published 10 Feb, 2021 11:38am

Business & Finance

India holds rates steady

MUMBAI: India's central bank kept rates steady at record low levels as expected on Friday and said it would maintain...

Published 06 Feb, 2021 04:06am

Markets

Indian shares pull back from record highs as central bank leaves rates steady

The Nifty PSU Bank index, which tracks state-run lenders jumped 6.5%, while the Nifty Banking index added nearly 3%.

Published 05 Feb, 2021 11:15am

Opinion

Pragmatic approach to monetary policy-making

State Bank of Pakistan (SBP) has maintained status quo third time in a row, keeping the interest rates steady at 7%....

Published 24 Jan, 2021 03:32am

BR Research

Interest rates - doves dominate hawks for now

The Monetary Policy Committee meeting is expected by the end of this week. There might no surprises. The status quo...

Published 19 Jan, 2021 07:25am

Markets

Brazil central bank makes permanent change to time of interest rate announcements

In a statement, the central bank said the publication of the Copom minutes will remain 8 a.m. on the Tuesday of the week following the policy decision and statement.

Published 14 Jan, 2021 01:00pm

Markets

Kenyan central bank to hold next rate-setting meeting on Jan. 27

At its last meeting in November, the bank held its benchmark lending rate for the fifth time in a row at 7.0%.

Published 03 Jan, 2021 02:25pm

Markets

Bank of England set to wait for end to Brexit stand-off

The BoE's bond-buying programme is widely seen as its most likely weapon should it need to return to the stimulus pumps.

Published 17 Dec, 2020 10:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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