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MPC

State Bank MPC: Policy Rate remains unchanged at 7pc
Business & Finance

State Bank MPC: Policy Rate remains unchanged at 7pc

  • Growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid.
  • Looking ahead, as the temporary increase in inflation from administered prices wanes, inflation should fall to the 5-7 percent target range over the medium-term.
Updated 19 Mar, 2021 05:21pm
Editorials

Monetary policy statement

EDITORIAL: The Monetary Policy Committee (MPC) in its statement dated 22 January 2021 decided to maintain the policy...
Published 25 Jan, 2021 04:23am
State Bank MPC maintains policy rate unchanged at 7pc
Business & Finance

State Bank MPC maintains policy rate unchanged at 7pc

  • There could be some changes in the projection due to change in electricity rates, and international oil prices but it will be temporary, said Baqir.
  • “It is very important that at present the monetary policy should convey a message of stability,” the SBP Chief said.
  • The yearly inflation rate is projected to remain at 7-9pc as previously announced.
Updated 23 Jan, 2021 10:52am
SBP's Monetary Policy Committee maintain policy rate at 7pc
Markets

SBP's Monetary Policy Committee maintain policy rate at 7pc

  • On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
  • As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.
Updated 23 Nov, 2020 04:08pm