{"id":11297,"date":"2022-10-10T14:44:34","date_gmt":"2022-10-10T14:44:34","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=11297"},"modified":"2022-10-10T14:44:34","modified_gmt":"2022-10-10T14:44:34","slug":"sbp-maintains-policy-rate-at-15pc","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/sbp-maintains-policy-rate-at-15pc\/","title":{"rendered":"SBP maintains policy rate at 15pc"},"content":{"rendered":"<p>SBP maintains policy rate at 15pc. The <a href=\"https:\/\/www.sbp.org.pk\/\">State Bank of Pakistan<\/a>\u2019s Monetary Policy Committee (MPC) decided to maintain the interest rate at 15 percent for the next seven weeks.<\/p>\n<p>According to a statement issued on Twitter, the MPC noted the continued deceleration in economic activity as well as the decline in headline inflation and the current account deficit since the last meeting.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/5 The MPC was of the view that, based on currently available information, the existing monetary policy stance strikes an appropriate balance between managing inflation and maintaining growth in the wake of the floods.<\/p>\n<p>&mdash; SBP (@StateBank_Pak) <a href=\"https:\/\/twitter.com\/StateBank_Pak\/status\/1579438105312260097?ref_src=twsrc%5Etfw\">October 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cBased on currently available information, the MPC was of the view that the existing monetary policy stance strikes an appropriate balance between managing inflation and maintaining growth in the wake of the floods,\u201d the statement added.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/senator-sherry-rehman-slams-govt-for-electricity-hike-sbp-and-rampant-inflation.html\">Senator Sherry Rehman slams govt for electricity hike, SBP, and rampant inflation<\/a><\/strong><\/em><\/p>\n<p>Quoting the currently available information, the central bank noted that growth could fall to around 2 percent in FY23, compared to the previous forecast of 3-4 percent. \u201cDespite lower demand-side pressures, higher food prices could raise average headline inflation in FY23 somewhat above the pre-flood projection of 18-20%,\u201d it added.<\/p>\n<p>\u201cWith pressures from higher food and cotton imports and lower textile exports largely likely to be offset by slower domestic demand and lower global commodity prices, the current account deficit in FY23 is expected to remain close the previously forecast 3% of GDP,\u201d it concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SBP maintains policy rate at 15pc. The State Bank of Pakistan\u2019s Monetary Policy Committee (MPC) decided to maintain the interest rate at 15 percent for the next seven weeks. According to a statement issued on Twitter, the MPC noted the continued deceleration in economic activity as well as the decline in headline inflation and the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":2452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[950,5423,7130,7103,5600,572,138],"class_list":["post-11297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-high-inflation","tag-ishaq-dar","tag-monetary-policy-committee","tag-mpc","tag-pmln-government","tag-sbp","tag-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/11297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=11297"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/11297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/2452"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=11297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=11297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=11297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}