SBP to announce Monetary policy next week

By MG News | March 20, 2018 at 11:47 PM GMT+05:00

0:00

State Bank of Pakistan likely to announce monetary policy next week on March 30, the second last of the current fiscal year.

The central bank will likely announce the monetary policy next week where analysts believe that interest rate may climb up by 25 to 50 basis points following recent slide in the rupee versus greenback. Rupee in last three and half months has depreciated by 9.5 percent. Rupee has further room but State Bank would keep a close eye on any sharp movement.

At the last monetary policy announcement the SBP raised the rate by 25 basis points to 6 percent.

Related News

China rolls over $3.4bn in loans

NIBAF, Risk Associates join forces to bolster cybersecurity in Pakistan

OMO Result: SBP injects over Rs14tr

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%