The Pakistan Stock Exchange (PSX) surged to a historic 191,000 points on Monday, driven by hopes of a policy rate cut. The KSE-100 index jumped over 1,800 points, hitting an all-time high of 191,032 points. Investors reacted positively as optimism grew ahead of the State Bank of Pakistan’s monetary policy announcement. The rally continued a […]
Policy Rate
SBP rate cut draws mixed response from business groups
KARACHI: The State Bank of Pakistan’s (SBP) decision to reduce the policy rate by 50 basis points to 10.50 per cent received mixed reactions on Monday. Foreign investors and business groups welcomed the move as cautious, while local business groups criticised it as insufficient to revive economic activity. Read More: SBP slashes key rate by 50bps in surprise […]
SBP holds policy rate at 11% amid inflation, flood concerns
The State Bank of Pakistan (SBP) has kept its policy rate unchanged at 11%, in line with market expectations. The decision was made during the Monetary Policy Committee (MPC) meeting held on Monday. SBP said that the full MPC statement would be released shortly. This marks the second consecutive meeting where the rate has been […]
SBP cuts interest rate by 100bps to 11pc
The State Bank of Pakistan (SBP) cut the policy rate on Monday to 11 per cent, amid trade and industry sectors advocating for a significant cut. The central bank’s policy rate, after being slashed by 1,000bps from 22pc since June 2024 in six intervals, previously stood at 12pc. April inflation stood at a low of […]
State Bank keeps policy rate at 7% for next two months
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to maintain the policy rate at seven percent owing to broad-based economic rebound and expected positive momentum towards higher growth. The committee, met here on Friday to finalize monitory policy for the next two months June-July 2021, noted that further upward revision […]
54 percent market players expect hike in policy rate during 2021
The Topline Securities conducted a poll of key financial market players regarding their views on the upcoming Monetary Policy Statement (MPS), which is scheduled for May 28, 2021. According to the polls, 78 participants took part in the latest poll, compared to 118 in the March poll which was conducted for the March 2021 MPS. […]