SBP maintains interest rate at 22% in line with market expectations
The State Bank of Pakistan (SBP) maintained its interest rate unchanged at 22% in line with market expectations!
State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday announced the decision to maintain the status quo, leaving the key policy rate unchanged at 22%.
The Monetary Policy Committee’s decision was announced at 4:00 pm today at a Press Conference.
The key policy rate has been kept unchanged for the fifth time in a row in line with market expectations as high inflation persists due to the rise in energy prices.
SBP Governor Jameel Ahmad addressing the press conference in Karachi, stated that inflation remains elevated, necessitating an upward revision of the annual target to 23-25%.
The decision to keep the rate status quo is the last under the caretaker government before the country’s general election next month. It also comes amid Pakistan’s $3 billion Standby Arrangement (SBA) with the International Monetary Fund (IMF).
On Saturday, James Anderson announced to retire from test cricket after the first test against…
The Arizona State University (ASU) is reported to have fired one of its scholars following…
Japan beat Pakistan in a penalty shootout by 4-1 to lift the Sultan Azlan Shah…
Asif Ali Zardari has been granted presidential immunity in the Park Lane and Toshakhana references!…
The first look at Noor-ul-Hassan in the series Kudüs Fatihi Selahaddin Eyyubiis finally revealed. Popular…
Sher Afzal Marwat has been slapped with a show-cause notice by Pakistan Tehreek-e-Insaf (PTI) for…
OyeYeah is an entertainment project powered by Alliancez Inc. We’re motivated to digging up fresh, authentic news. Oye Yeah does not work on rumors! We have all sourced news because we believe in bringing our readers the best. We have a vision and we’re striving hard to achieve it day in, day out!
Read More
