SBP pushes up policy rate by 50 bps to 10.75 percent

MG News | March 29, 2019 at 06:24 PM GMT+05:00

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March 29, 2019 (MLN): The State Bank of Pakistan has pushed up the policy rate by 50 basis points bringing it to 10.75% for the next two months.

A meeting of the monetary policy committee (MPC) took place in Islamabad today, whereby the committee took the aforesaid decision which was in line with the markets’ expectation of a 50-75 bps hike.

The announced policy rate will be applicable from April 1, 2019.

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Name	Price/Vol	%Chg/NChg
KSE100	180,511.02 526.92M	0.07% 118.05
ALLSHR	108,555.87 1,212.83M	0.36% 391.07
KSE30	53,841.27 248.20M	-0.15% -80.15
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,935.00	66,160.00 64,825.00	-765.00 -1.16%
BRENT CRUDE	79.10	79.57 77.75	0.14 0.18%
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ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	-0.40 -0.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	75.37	76.06 74.09	0.10 0.13%
SUGAR #11 WORLD	14.24	14.33 14.22	-0.07 -0.49%