Articles for tag: 11%, central bank, Defendant of current account, Development, Economic, flood, GDP, Inflation, Interest, interest rate, policy, rate, remittances, SBP, unchanged

September 15, 2025

SBP keeps the policy interest rate unchanged at 11%

Karachi: Pakistan’s State Bank (SBP) has kept the the policy rate unchanged at 11%reporting the short -term financial disorder due to recent rain and floods. The bank has promoted GDP growth for FY2025-26 to remain close to the lower end of the prediction range of 3.25% to 4.25%. The Central Bank said that while the wider economy remains durable, recent floods have increased the risks to growth and prospects for current transactions as well as the risk of increasing inflation. In the latest monetary policy statement, SBP warned that flooding damage, especially in the agricultural sector, are likely to slow

November 1, 2024

The Pakistan Daily

SBP to announce monetary policy on Nov 4

KARACHI: The State Bank of Pakistan (SBP) will announce the monetary policy on Monday, 24th November 2024, the central bank said. In a press statement issued here, the SBP said that its Monetary Policy Committee (MPC) will meet on Monday, November 04, 2024 to decide about the Monetary Policy. “Later on, SBP will issue the Monetary Policy Statement through a press release on the same day,” it added. The MPC will review the overall economic and financial situation, major indicators, data of different sectors, and major developments taken place since the announcement of the previous monetary policy. Earlier on September

June 9, 2024

News Desk

Business

The central bank is expected to make a modest interest rate cut

KARACHI: Pakistan’s central bank is scheduled to meet on Monday (10 June) to review the economic scenario and set the key interest rate for the next six weeks. Financial markets and experts expect the bank to cut interest rates to a range of 100-200 basis points (bps) in the wake of inflation slowing much deeper than market expectations to a two-and-a-half-year low of 11.8% in May 2024. The latest monthly inflation has turned the real interest rate positive to 10.2%, which is the difference between the prevailing rate of 22% and inflation of 11.8%. Speaking to The Express Tribune, Ismail

March 14, 2024

News Desk

Business

SBP is probing wrongly printed Rs 1,000 notes in circulation

KARACHI: Pakistan’s central bank has not ruled out the possibility that it may have issued incorrect Rs 1,000 notes to commercial banks, which then reached citizens and became part of the currency in circulation, despite the sound system to check the misprint. Speaking to The Express Tribune, a State Bank of Pakistan (SBP) spokesperson said on Wednesday that commercial banks and individuals who have received the single-sided printed notes can exchange them at the bank branches where they received the defective notes. They can also exchange the notes at the designated 16 central bank offices nationwide. Earlier, a minute-long video

February 4, 2024

News Desk

Business

There is no room for price reduction

PADALARANG: Indonesia’s central bank has room to cut interest rates this year to boost economic growth, but expects the rupiah to strengthen against the dollar, Governor Perry Warjiyo said on Saturday. “If we rush while the global situation is in disequilibrium, the rupiah may weaken and inflation may spiral out of control,” he told a media gathering. He said global economic fragmentation caused the imbalance. Bank Indonesia (BI) raised its key interest rate by 250 basis points from August 2022 to October 2023 to 6% to ensure the stability of the rupiah and keep inflation under control. Warjiyo has repeatedly

SBP keeps the policy interest rate unchanged at 11%

SBP to announce monetary policy on Nov 4

The central bank is expected to make a modest interest rate cut

SBP is probing wrongly printed Rs 1,000 notes in circulation

There is no room for price reduction

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