Trends - Monetary Policy Committee

Monetary Policy Committee

Policy rate kept on hold at 7pc to support growth

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

Updated 28 Jul, 2021 09:34am

MPS today: Key policy rate may stay unchanged

KARACHI: The Governor State Bank of Pakistan (SBP), Dr Reza Baqir will unveil Monetary Policy Statement (MPS) on...

Published 27 Jul, 2021 02:43am

Opinion

MPC: wait and see

There are clear signs of current account slippages. This comes in tandem with economic recovery in Pakistan. A ...

Published 25 Jul, 2021 05:20am

MPS on 27th

KARACHI: The Monetary Policy Committee of SBP will meet on Tuesday, July 27, 2021 at SBP Karachi to decide about...

Published 24 Jul, 2021 02:30am

Business & Finance

Bank of Israel holds benchmark interest rate at 0.1%

All 16 economists polled by Reuters had said they expected the monetary policy committee to keep rates steady after doing so ever since cutting them from 0.25% more than a year ago.

Published 05 Jul, 2021 06:23pm

Business & Finance

BoE keeps low rate, sees 'temporary' inflation spike

LONDON: The Bank of England on Thursday kept its main interest rate at a record-low level, but warned inflation ...

Published 25 Jun, 2021 04:20am

Business & Finance

Sterling skids after BoE holds rates at all-time low

LONDON: Sterling slipped on Thursday after the Bank of England kept - as expected - the size of its stimulus...

Published 25 Jun, 2021 04:20am

Business & Finance

Bank of England sees inflation peaking at over 3pc before falling back

The BoE's nine monetary policymakers voted 8-1 to keep its government bond-buying programme at 875 billion pounds ($1.22 trillion). They voted 9-0 in favour of keeping its corporate bond programme at 20 billion pounds.

Published 24 Jun, 2021 04:46pm

Business & Finance

Bank of Israel keeps benchmark interest rate at 0.1pc

Israel's inflation rate moved to 0.8% in April from 0.2% in March, just below the government's 1-3% annual target range. While the economy contracted an annualised 6.5% in the first quarter from the prior three months, growth is expected to reach 4-6% in 2021 given more than half of Israeli adults are already vaccinated and the economy has largely reopened.

Published 31 May, 2021 07:07pm

BR Research

Monetary policy – on the cusp

No change. No surprise. Monetary Policy committee (MPC) has kept the policy rate unchanged at 7 percent. The ...

Published 31 May, 2021 07:30am

Policy rate stays unchanged to support growth

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

Published 29 May, 2021 03:59am

Business & Finance

SBP keeps interest rate unchanged at 7%

Announcement largely in line with market expectations * The MPC of the central bank was of the view that positive recovery momentum is expected to persist, translating into higher growth next year.

Published 28 May, 2021 06:10pm

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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