SBP revises interest rate corridor, ON repo at 14%

MG News | December 16, 2024 at 07:37 PM GMT+05:00

0:00

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.

Copyright Mettis Link News

Related News

Pakistan's digital payments hit 3bn transactions in Q2 FY26

SBP reserves have increased for the 32nd consecutive week

Electricity supply steady in face of seasonal constraints

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	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%