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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

policy rate

SBP to announce MPS today

SBP to announce MPS today

  • Later on, the SBP will issue the MPS to announce the decision of the committee for key policy rate.
Updated 19 Mar, 2021 12:03pm
Turkish lira firms for second consecutive day
Markets

Turkish lira firms for second consecutive day

  • The lira stood at 7.5320 against the US dollar at 1408 GMT, firming from Tuesday's close of 7.6300.
  • The currency had declined sharply since mid-February, hitting its lowest level since mid-December on Monday, as the yields on US bonds rose.
Published 10 Mar, 2021 07:52pm
Turkey's central bank seen keeping policy rate unchanged
Business & Finance

Turkey's central bank seen keeping policy rate unchanged

  • The median estimate in a Reuters poll of 21 economists was for the central bank to keep its one-week repo rate at 17%. One economist expected a hike to 17.75%, while four others expected a hike to 18%.
  • Turkey's lira declined some 20% last year, pushing inflation higher through imports denominated in hard currencies.
Published 12 Feb, 2021 08:32pm
Turkey to keep policy tight until 5pc inflation target hit
World

Turkey to keep policy tight until 5pc inflation target hit

  • Speaking at an online presentation of the bank's quarterly inflation report, Agbal also said it was too early to ease policy.
  • Annual inflation rose in December to 14.6%, but Agbal stood by the bank's forecast that it would fall to 9.4% this year.
Published 28 Jan, 2021 06:08pm
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