Thursday, November 26, 2020

MPS

Key Takeaways from Monetary Policy Statement

SBP increased the policy rate by 150bps to 12.25% from 10.75% in the MPS announced on Monday. 1.     Higher recent MoM core and head line inflation, 2.      Recent Exchange Rate Depreciation, 3.      Elevated fiscal deficit and increased monetization and, 4.      Potential adjustments in utility (gas and electricity)...

Pakistan: MPS announced, policy rate up by 150 bps to 12.25 percent

State Bank of Pakistan on Monday announced the Monetary Policy Statement, policy rate by 150 bps to 12.25 percent. SBP said there have been three notable developments since the last Monetary Policy Committee (MPC) meeting in March 2019. First, the...

Weekly review: Market bleeds as KSE-100 sheds 1550 points on rupee devaluation, MPS

The market continued to bleed this week, commencing on a negative note. The expectation of positive sentiments upon agreement of IMF Program did not materialize. Investors remained cautious due to tough measures attached with the program. However, investors took a...

Pakistan: Rate hike of 100bps likely in MPS

Analysts forecasts another rate hike of 100bps in policy rate from 10.75% to 11.75% in the upcoming monetary policy which is to be announced on May 20. The aggressive monetary tightening is expected to continue by the central bank as...

SBP: MPC increases policy rate by 50 bps to 10.75 percent

Economic data released since the last Monetary Policy Committee (MPC) meeting in January 2019 indicates that the impact of stabilization measures continues to unfold. In particular, the current account deficit recorded a sizeable contraction during the first two months...

KSE-100 finishes higher second straight day despite MPS hike expectations

Market jumped consecutively on the second day, just before the announcement of Monetary Policy on March 29th. Although rate hike expectations are talk of the town, market apparently didn’t pay heed to such warnings and buying activity was seen...

Equity market soars on MPS, company’s results

The benchmark KSE 100 of Pakistan Stock Exchange surged 192 points or (0.47%) settled at 40,799.2 on Thursday on companies results and MPS.   Analysts at Arif Habib Limited said that the market gained by a good margin on Thursday after...

Stop news….SBP raised 25 basis points to 10.25 percent

State bank of Pakistan has announced the Monetary policy for the next two months. State Bank have raised 25 basis points to 10. 25 interest rate. More update to follow with details from SBP in a while
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