Tag Archives: interest rate


SBP, reduces, interest rate, 100 basis points, 8 percent

SBP reduces interest rate by 100 basis points to 8 percent

05 May, 2020 4:25 pm 4:25 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) has further reduced the interest rate by 100 basis points to eight percent. It was decided during a meeting of the monetary policy committee (MPC) on Friday. “This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent … Read More


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State Bank cuts interest rate by 2 per cent

04 April, 2020 8:42 pm 8:42 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) on Thursday announced that it had cut the interest rate by 2 per cent to deal with the coronavirus pandemic. This means that it had slashed the interest rate by 200 basis points, bringing it down to 9% from 11%. The decision was announced in … Read More


SBP, reduces, interest rate, 100 basis points, 8 percent

SBP reduces interest rate by 150bps to 11 percent

03 March, 2020 7:23 pm 7:23 pm

KARACHI (92 News) – The State Bank of Pakistan has reduced the interest rate by 150 basis points, bringing it to 11 percent from 12.50 percent. The SBP spokesman said that the interest rate had been reduced keeping in view the current economic situation of the country. He said that the policy rate has been … Read More


Prime Minister, Imran Khan, reducing, interest rate

Prime Minister Imran Khan hints at reducing interest rate

03 March, 2020 8:28 pm 8:28 pm

ISLAMABAD (92 News) – Prime Minister Imran Khan announced that the interest rate would be reduced soon. Addressing a ceremony after ground breaking of construction of 20,000 housing houses in seven projects, he said that inflation is reducing. “We will also rectify the health and education system,” he said. The prime minister said that a … Read More


SBP maintains current interest rate of 13.25pc for next two months

09 September, 2019 2:25 am 2:25 am

KARACHI (92 News) – State Bank of Pakistan  (SBP) Monday announced the monetary policy for next two months, maintaining the rate of interest unchanged at 13.25 percent. According to a press release issued by SBP on Monday, the rupee has strengthened modestly against the US dollar. It is said that the external sector continued to … Read More


SBP, interest rate, 25 bps, 10.25%

SBP increases interest rate by 25 bps, fixes it at 10.25%

01 January, 2019 6:47 pm 6:47 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) has announced a 25 basis point increase in the interest rate, taking it to 10.25 percent with effect from February 1 as part of its new monetary policy. This was stated by the SBP Governor Tariq Bajwa while announcing the new monetary policy at a … Read More


ECB should keep policy options open regardless of Fed: Villeroy

10 October, 2018 9:21 am 9:21 am

NUSA DUA, Indonesia (Reuters) – The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday. Encouraged by a recovery in euro zone inflation, the ECB expects to stop adding to its 2.6 trillion euro (£2.3 trillion) … Read More


Dollar slips, yen strengthens on Trump’s Fed criticism

08 August, 2018 8:47 am 8:47 am

TOKYO (Reuters) – The dollar slipped against the yen and a basket of major peers on Tuesday after US President Donald Trump said he was “not thrilled” with Federal Reserve Chairman Jerome Powell for raising interest rates. The dollar was also soft as investors pulled out of the safe-haven currency ahead of anticipated talks this … Read More


Asia stocks capped, dollar at two-week high as trade war dents confidence

08 August, 2018 8:41 am 8:41 am

TOKYO (Reuters) – Asian stocks inched on Friday following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington capped gains and drove safehaven flows to the dollar, which hovered near a two-week high. Investors also remain cautious ahead of the July US jobs report due later on … Read More


SBP, new currency notes, Eid

Interest rate unchanged as SBP announces monetary policy for two months

09 September, 2016 3:48 pm 3:48 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) has announced the monetary policy for the next two year, with no change in the interest rate. According to a press release issued by SBP, the year-on-year CPI inflation rose to 3.6 percent in August 2016 from 1.8 percent in August 2015, while the average … Read More