new monetary policy

The experts are expecting the interest rate likely to be fixed slightly downward with most of them predicting that the central bank will opt to reduce the rate by 25 basis points.

Governor Dr Reza Baqir in a press conference here today unveiling the monetary policy for the next two months announced 100 basis points hike in the interest rate, which now reached to 13.25 percent.

Prior to the announcement, the Monetary Policy Committee (MPC) chaired by Governor SBP Reza Baqir met for detailed deliberations on economic indicators to decide the key policy rate.

The monetary policy provides brief picture of the national economy and the future economic developments and targets calling for a hike or decrease in the policy discount rate.

ISLAMABAD: Governor State Bank of Pakistan on Thursday announced 25 basis points hike in the interest rate in a press conference here on the new monetary policy for the upcoming two months. Governor central bank Tariq Bajwa's announcement of 25 basis points hike has pushed the interest rate to 10.25 percent. Earlier, the Monetary Policy Committee (MPC) of the central bank in its meeting in Islamabad decided the Monetary Policy. The central bank had hiked the monetary policy rate by 150 basis points in November last…

KARACHI: The State Bank of Pakistan (SBP) would announce its decision with regard to its monetary policy for coming two months on Thursday (tomorrow), the bank announced in a statement. The Monetary Policy Committee (MPC) of the central bank will meet tomorrow in Islamabad. After the meeting SBP Governor Tariq Bajwa will unveil the Monetary Policy in a press conference in the capital city. Some economic analysts expect further 50 to 100 basis points hike in interest rate by the central bank at its bi-monthly interest…