Monday, September 26, 2022
HomeGeneralSBP increased its policy rate by 25bps, moving policies progressively to normalisation.

SBP increased its policy rate by 25bps, moving policies progressively to normalisation.

Unlike expectations from the market, the Monetary Policy Committee for the next two months has increased its policy political rate by 25bps to 7.25%, indicating an end to the monetary easing that took place in March 2020 to reduce the pandemic impact.

Economic growth has surpassed forecasts since its last meeting and this recovery is now less sensitive to the pandemic-related uncertainties.

Also read: SBP’s reserves did not change to US $20,022.7 million.

The SBP shows a shift in policy towards the progressive shrinking of the normal monetary policy interest rates. (Courtesy Of Research on the Spectrum).

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments