{"id":34692,"date":"2024-04-29T18:09:22","date_gmt":"2024-04-29T13:09:22","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=34692"},"modified":"2024-04-29T18:20:16","modified_gmt":"2024-04-29T13:20:16","slug":"monetary-policy-2024-sbp-keeps-interest-rate-unchanged-at-22-per-cent","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/monetary-policy-2024-sbp-keeps-interest-rate-unchanged-at-22-per-cent\/","title":{"rendered":"Monetary policy 2024: SBP keeps interest rate unchanged at 22 per cent"},"content":{"rendered":"<p>KARACHI: The State Bank of Pakistan (SBP) decided to keep the policy rate unchanged at 22 per cent for the seventh consecutive session, here on Monday.<\/p>\n<p>According to a private news channel report, the announcement came after a meeting of the bank\u2019s Monetary Policy Committee (MPC).<\/p>\n<p>As per the issued statement, the Monetary Policy Committee said stressed on continuation of the current monetary policy stance to bring inflation down to the target range of 5 \u2013 7 per cent by September 2025.<\/p>\n<p>\u201cThe macroeconomic stabilization measures are contributing to considerable improvement in both inflation and external position, amidst moderate economic recovery,\u201d statement added.<\/p>\n<p>However, the MPC viewed that the level of inflation is still high.<\/p>\n<p><em><strong>Read More:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/sbp-announces-not-to-issue-new-currency-notes-for-eid-ul-fitr-2024\/\">SBP announces not to issue new currency notes for Eid-ul-Fitr 2024<\/a><\/strong><\/em><\/p>\n<p>\u201cAt the same time, global commodity prices appear to have bottomed out with resilient global growth. The recent geopolitical events have also added uncertainty about their outlook.<\/p>\n<p>Additionally, the upcoming budgetary measures may have implications for the near-term inflation outlook,\u201d it stated.<\/p>\n<p>Previous month, the MPC had maintained the status quo by upholding the key policy rate at 22 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The State Bank of Pakistan (SBP) decided to keep the policy rate unchanged at 22 per cent for the seventh consecutive session, here on Monday. According to a private news channel report, the announcement came after a meeting of the bank\u2019s Monetary Policy Committee (MPC). As per the issued statement, the Monetary Policy Committee [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":34702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,13446],"tags":[572,599],"class_list":["post-34692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","tag-sbp","tag-state-bank-of-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34692","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=34692"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/34702"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=34692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=34692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=34692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}