• About
  • Advertise
  • Contact
Wednesday, June 29, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business Finance

SBP hikes policy rate by 150bps to 13.75pc

byNews Desk
May 24, 2022
in Finance, Main
Reading Time: 1 min read
0
State bank of pakistan
83
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

The State Bank of Pakistan (SBP) hiked the benchmark policy rate by 150 basis points to 13.75 per cent on Monday to “keep inflation expectations anchored and contain risks to external stability”.

In a statement, the SBP’s Monetary Policy Committee (MPC) said the move, along with fiscal consolidation, would help moderate demand to a sustainable pace. The central bank had announced an increase of 250bps in the policy rate last month.

RelatedPosts

Current account deficit-CAD widened to $15bn in 11 months

Talks to sign Pak-GCC trade agreement at advanced stage

KP govt to constructs two motorways on PPP basis

“Since last meeting, estimates suggest growth in FY22 has been much stronger than expected. Meanwhile external pressures remain elevated and inflation outlook deteriorated due to home-grown and international factors,” it said in a series of tweets.

1/3 At today’s meeting, MPC decided to raise policy rate by 150bps to 13.75%. This action, together with much needed fiscal consolidation, should help moderate demand to more sustainable pace while keeping inflation expectations anchored & containing risks to external stability.

— SBP (@StateBank_Pak) May 23, 2022
Tags: Policy rateSBP
News Desk

News Desk

A source of economic, political, business, finance, health and sports updates.

Related Posts

Current account deficit-CAD widened to $15bn in 11 months

Current account deficit-CAD widened to $15bn in 11 months

The State Bank of Pakistan's (SBP) latest data shows that the current account deficit (CAD) sharply widened to $15.2 billion...

Talks to sign Pak-GCC trade agreement at advanced stage

Talks to sign Pak-GCC trade agreement at advanced stage

The president of the Federation of Pakistan Chambers of Commerce and Industry said negotiations to sign a Pak-Gulf Cooperation Council...

Next Post
Chinese firm to invest $50m in Gwadar, Karachi

Chinese firm to invest $50m in Gwadar, Karachi

Recommended

‘Most handsome’: Tweeps nominate Imran Khan for '100 most beautiful faces of 2022'

‘Most handsome’: Tweeps nominate Imran Khan for ‘100 most beautiful faces of 2022’

Pakistan Set to Participate in Sultan Azlan Shah Hockey Cup After 6 Years

Pakistan Set to Participate in Sultan Azlan Shah Hockey Cup After 6 Years

Rescue 1122 launched in Larkana

Rescue 1122 launched in Larkana

Green Line Metro Bus Service is Ready to Start in Bhara Kahu, Islamabad

Green Line Metro Bus Service is Ready to Start in Bhara Kahu, Islamabad

Babar Azam becomes First Batter to Spend More Time on Top Position in T20 ranking

Babar Azam becomes First Batter to Spend More Time on Top Position in T20 ranking

Technology exports of Pakistan declined by 27 percent

Technology exports of Pakistan declined by 27 percent

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In