Monetary Policy Committee to meet on Monday

MG News | June 07, 2024 at 11:51 PM GMT+05:00

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June 08, 2024 (MLN): The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, June 10 to decide about the monetary policy.

Later on, SBP will issue the monetary policy statement through a press release on the same day.

In the last MPC meeting held on April 29, the committee kept interest rates unchanged at a record 22% for the seventh consecutive meeting.

Market analysts widely expect the SBP to cut its policy rate by 100 basis points (bps).

The reduction would be the first in almost four years after what has been the most aggressive fight against soaring inflation.

The decision will come just before the federal budget 2024-25.

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Name	Price/Vol	%Chg/NChg
KSE100	173,939.01 704.34M	2.37% 4027.06
ALLSHR	103,800.94 1,437.41M	2.39% 2426.33
KSE30	52,809.97 362.40M	2.60% 1336.81
KMI30	250,755.67 244.03M	1.91% 4699.35
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,545.00	78,545.00 74,645.00	2035.00 2.70%
BRENT CRUDE	92.42	98.98 86.09	-6.97 -7.01%
RICHARDS BAY COAL MONTHLY	103.25	103.25 103.25	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.45	102.95 101.45	-1.50 -1.46%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.00	90.34 78.97	-7.17 -7.86%
SUGAR #11 WORLD	13.50	13.89 13.39	-0.30 -2.17%