{"id":19205,"date":"2023-09-14T18:59:18","date_gmt":"2023-09-14T13:59:18","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=19205"},"modified":"2023-09-14T18:59:18","modified_gmt":"2023-09-14T13:59:18","slug":"sbp-keeps-interest-rate-unchanged-at-22pc","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/sbp-keeps-interest-rate-unchanged-at-22pc\/","title":{"rendered":"SBP keeps interest rate unchanged at 22pc"},"content":{"rendered":"<p>The State Bank of Pakistan (SBP) on Thursday decided to keep the key policy rate unchanged at 22 per cent, according to a press release issued on Thursday.<\/p>\n<p>The announcement came after a meeting of the bank\u2019s Monetary Policy Committee (MPC).<\/p>\n<p>\u201c[The] MPC noted that while global oil prices have risen recently, inflation is still projected to trend down, especially from the second half of this year,\u201d it said.<\/p>\n<p>MPC also assessed that the tight monetary policy stance, improved agriculture outlook, and recent administrative and regulatory reforms will help achieve the medium-term inflation target.<\/p>\n<p>The committee further stressed on maintaining a prudent fiscal stance to keep aggregate demand in check.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/sbp-keeps-key-policy-rate-unchanged-at-22.html\">SBP keeps key policy rate unchanged at 22%<\/a><\/strong><\/em><\/p>\n<p>The MPC noted that it will continue to monitor the risks to the inflation outlook and, if required, it will take appropriate action to achieve the objective of price stability.<\/p>\n<p>At the same time, the MPC also stressed maintaining a prudent fiscal stance to keep aggregate demand in check.<\/p>\n<p>This is necessary to bring inflation down on a sustainable basis and to achieve the medium-term target of 5-7% by end-FY25.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Bank of Pakistan (SBP) on Thursday decided to keep the key policy rate unchanged at 22 per cent, according to a press release issued on Thursday. The announcement came after a meeting of the bank\u2019s Monetary Policy Committee (MPC). \u201c[The] MPC noted that while global oil prices have risen recently, inflation is still [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":19206,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[572,599],"class_list":["post-19205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-sbp","tag-state-bank-of-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/19205","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=19205"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/19205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/19206"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=19205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=19205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=19205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}