Monetary Policy Committee to meet on Monday

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

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Key Pakistan Market Stats and Economic Indicators

SBP’s FX Purchases Jump to USD 1.02bn in September

Name	Price/Vol	%Chg/NChg
KSE100	180,541.71 158.74M	0.08% 148.73
ALLSHR	108,484.53 336.68M	0.30% 319.72
KSE30	53,863.28 75.53M	-0.11% -58.14
KMI30	256,817.68 81.96M	-0.03% -82.78
KMIALLSHR	70,152.36 246.12M	0.29% 202.93
BKTi	49,835.23 13.09M	-0.16% -79.46
OGTi	36,584.46 5.47M	0.72% 261.54

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,990.00	66,160.00 65,475.00	290.00 0.44%
BRENT CRUDE	78.43	79.57 78.36	-0.53 -0.67%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	5.25 4.46%
ROTTERDAM COAL MONTHLY	125.50	125.50 125.00	-0.45 -0.36%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	74.85	76.06 74.72	-5.90 -7.31%
SUGAR #11 WORLD	14.29	14.35 14.04	0.10 0.70%