SBP revises interest rate corridor, ON repo at 14%
By MG News | December 16, 2024 at 07:37 PM GMT+05:00
December 16, 2024 (MLN): Following a reduction in the policy rate from 15% to 13%, the State Bank of Pakistan (SBP) has set the Overnight Reverse Repo (Ceiling) Rate 14% while the SBP Overnight Repo (Floor) Rate is fixed at 12%.
The interest rate corridor now has a revised range of 12.00% to 14.00%, maintaining a width of 200 bps.
The SBP reaffirmed its commitment to keeping the money market overnight rate aligned with the policy rate, ensuring consistency in monetary policy implementation.
All other directives regarding the interest rate corridor remain unchanged.
The above changes are effective from Dec 17, 2024.
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