SBP exceeds market expectation, policy rates up by 150 bps

MG News | May 20, 2019 at 04:00 PM GMT+05:00

0:00

May 20, 2019 (MLN): Exceeding market’s expectation, the State Bank of Pakistan has announced further contraction in Monetary Policy for the month of June and July, thus bringing it up by 150 basis points (bps) to 12.25%.

A meeting of the Monetary Policy Committee took place in Karachi earlier today, whereby the committee decided upon the aforesaid action.

The announced policy rate will be applicable from May 21, 2019.

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	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,940.00	71,070.00 69,755.00	580.00 0.82%
BRENT CRUDE	106.89	107.85 105.05	-1.76 -1.62%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.80 -10.61%
ROTTERDAM COAL MONTHLY	123.30	123.30 123.00	2.10 1.73%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	93.56	94.80 92.47	-1.99 -2.08%
SUGAR #11 WORLD	15.42	15.49 14.76	0.62 4.19%