SBP Maintains Key Interest Rate at 5.75 Percent

MG News | July 22, 2017 at 02:05 PM GMT+05:00

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The SBP MPC has kept the Target Rate at 5.75 Percent.

Key points from the governers statement were

Headline Inflation to be Lower than 6 percent
Inflation in FY18 to be between 4.5 to 5.5 percent on crude oil prices
Credit Offtake to remain higher
Current Account Deficit will be manageable
Remittances to be within target
LSM growth to be higher in June to May period
Current Account deficit reaches 12 billion in FY17
Exports were lower, but Imports were higher on CPEC and non CPEC products
FY17 SBP Reserves down 2 Billion to 16 Billion
Exports likely to grow in FY18
Infection Ratio of loans of corporate sector at their lowest
Over all growth at a 10 Year high
LSM to grow by 5.3 Percent in FY17
Growth witnessed in Real Sector
Report on devaluation of Rupee to be completed and Submitted to Finance Ministry by Next Week

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,700.00	96,145.00 92,975.00	1335.00 1.41%
BRENT CRUDE	64.37	64.72 63.67	-0.02 -0.03%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	-0.25 -0.29%
ROTTERDAM COAL MONTHLY	96.45	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.99	60.44 59.32	-0.10 -0.17%
SUGAR #11 WORLD	14.82	14.94 14.65	-0.14 -0.94%