SBP Maintains Key Interest Rate at 5.75 Percent

    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

    Link to MPS

    Posted on: 2017-07-22T14:05:00+05:00