Trends - policy rate - Business Recorder

policy rate

Market anticipates another major hike in policy rate

State Bank of Pakistan's latest Monetary Policy Committee is scheduled to meet on December 14

Published 09 Dec, 2021 01:13pm

October 2021: Average banking spreads down 48bps YoY

KARACHI: Average banking spreads for October 2021 were 4.18 percent, down 48bps on year-on-year basis; taking 10...

Updated 26 Nov, 2021 09:28am

BR Research

IMF review: apprehensions abound

Finally, the wait is over. Yet, the anxiety is not. The IMF mission’s concluding statement is out. Staff level...

Updated 23 Nov, 2021 09:22am

SBP raises profit rate on saving accounts

KARACHI: After the surge in policy rate, the State Bank of Pakistan (SBP) Monday announced increase in the minimum...

Updated 23 Nov, 2021 10:45am

Markets

KSE-100 plummets 744 points as market sees further increase in interest rate

Benchmark retreats 1.6% as monetary policy announcement overshadows IMF development
TRG hits fourth successive lower lock

Published 22 Nov, 2021 05:53pm

Opinion

The MPS surprise

State Bank of Pakistan (SBP) has made a surprise and aggressive move by increasing the policy rate by 150bps (basis...

Published 21 Nov, 2021 04:19am

Pakistan

Unexpected level of current account deficit, inflation led to hike in policy rate: Dr Reza Baqir

SBP governor says Friday's MPC announcement will help address concerns over the economy

Updated 20 Nov, 2021 08:48pm

MPC to meet ahead of schedule: 100-200bps hike in policy rate expected

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to convene its meeting...

Updated 17 Nov, 2021 09:39am

BR Research

T-bill auction: what’s cooking?

The market rates are moving up. The policy rate at current levels was totally disregarded by the market. In the...

Updated 05 Nov, 2021 12:51pm

BR Research

Money games!

There is clear change of heart in the money market. SBP increased the policy rate by 25 bps on 20th September, but...

Published 13 Oct, 2021 07:25am

Business & Finance

First hike in over 2 years: SBP raises key interest rate by 25 basis points

Takes it to 7.25%
The SBP last increased the interest rate in July 2019, when it took it to the maximum level of 13.25%

Updated 20 Sep, 2021 04:57pm

MPS today

KARACHI: The State Bank of Pakistan (SBP) will unveil its monetary policy today (Monday) for the next two months. ...

Updated 20 Sep, 2021 11:00am

Business & Finance

Upcoming MPC: Majority expect status quo but a greater divide is now visible

A poll, consisting of 68 participants, shows 65% expect the SBP to maintain the discount rate at 7%

Published 15 Sep, 2021 02:36pm

BR Research

Allied Bank: Steady growth

Allied Bank Limited (ABL) announced Rs2/share as second interim dividend, taking the year-to-date dividend to...

Published 24 Aug, 2021 07:35am

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

Business & Finance

Encouraged by 'positive developments', SBP keeps interest rate unchanged at 7%

Growth projected to rise from 3.9 percent in FY21 to 4-5 percent this year, says central bank in monetary policy statement
Economic recovery will be accompanied by external stability, adds SBP

Updated 27 Jul, 2021 08:11pm

Business & Finance

Majority expect status quo in upcoming monetary policy announcement

However, many expect a rate hike at some point during 2021

Published 24 Jul, 2021 12:22pm

Business & Finance

Hungary central bank seen raising base rate by 25 bps next week

Base rate seen rising by 25 bps to 0.85%.
One-week deposit rate seen 15 bps higher at 0.9%.
Economists see further base rate hikes in coming years.

Published 16 Jun, 2021 05:03pm

BR Research

Growth perceptions

Why are businesses happy but consumers are not? Do businesses and consumers care about different things? Is the...

Updated 08 Jun, 2021 11:31am

BR Research

KSE-100 – bull run calling?

The Pakistan Stock Exchange made quite a few headlines last month despite just 15 trading sessions....

Published 01 Jun, 2021 07:25am

Business & Finance

Bank of Ghana surprises with 100 basis point policy rate cut

"Risks to the inflation outlook remain muted in the near-term ...under these circumstances, the (Monetary Policy Committee) decided to lower the monetary policy rate by a hundred basis points," Addison said, adding that the bank will monitor inflationary pressure on rents and transport fares.

Published 31 May, 2021 07:19pm

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

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

Expert anticipates policy rate to remain unchanged in upcoming MPC

“We expect the central bank to keep policy rate unchanged at 7 percent in the upcoming monetary policy statement,” said Arif Habib Limited in a report.

Updated 22 May, 2021 03:41pm

Business & Finance

Norway central bank rate hike beckons as recovery continues

Norway rates on hold at record low 0.0%.
Hike likely in 2nd half of 2021 amid rebound from pandemic.
Economic uncertainty remains, but is no longer "substantial".
Norges Bank could become first in G10 to hike.

Published 06 May, 2021 05:51pm

BR Research

HMB delivers strong first quarter

The interest rates may well have gone drastically down from last year, banking profits have not. Habib Metropolitan...

Published 30 Apr, 2021 07:30am

Business & Finance

Tarin's target of achieving 6-7pc GDP growth not an easy task, says expert

Najam was of the view that despite challenges, the government should target to achieve a 6pc to 7pc growth rate and utilize all the resources at its disposal especially low-interest rate (policy rate).

Published 20 Apr, 2021 10:57am

Business & Finance

Approached IMF due to weak economic conditions, says Baqir

He said SBP will implement those policies which benefit the economy of Pakistan.

Published 05 Apr, 2021 10:42am

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

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

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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