SBP maintains main polity interest rate at 6pc

Share
This was announced in the monetary policy statement issued by the SPB here on Saturday.
It said that after bottoming out in September 2015, both the Year-on-Year (YoY) headline CPI and period average inflation are on a rising trend.
The statement said a slight uptick in inflation was indicative of an increase in aggregate demand in the economy.
"This is reflected in rising demand for consumer durables, acceleration in construction activities, and expansion in the services sector," the statement said.
The monetary policy statement issued by the SBP further stated that while the YoY inflation rose from 1.3 percent in September 2015 to 3.9 percent in March 2016, the period average inflation increased from 1.7 percent to 2.6 percent during this period.
At its last policy review on Jan. 30, the State Bank maintained the interest rate at 6 percent, citing lower inflationary pressures and improved economic indicators.
- Pakistan's exports to 10 countries plummet including UAE, KSA12:11 PM | 17 Jan, 2021
- Karachi stats show 36pc spike in rape cases in 2020 – 7 years high11:31 AM | 17 Jan, 2021
- Four rare black deer stolen from Lahore’s Safari Park11:01 AM | 17 Jan, 2021
- Taliban hails US troop drawdown from Afghanistan10:29 AM | 17 Jan, 2021
- ATC sentences student to death for 'killing professor over anti-Islam ...10:02 AM | 17 Jan, 2021
- Selena Gomez shares the reason behind calling out Mark Zuckerberg ...07:32 PM | 16 Jan, 2021
- Ayeza Khan celebrates 30th birthday04:22 PM | 16 Jan, 2021
- Details of Varun Dhawan-Natasha Dalal's wedding revealed03:58 PM | 16 Jan, 2021
- Stars who dated in the past11:38 PM | 5 Jan, 2021
- COVID-19 – How many vaccine doses Pakistan and neighbouring ...08:34 PM | 5 Jan, 2021
- 10 women celebs who lent their star power to UN06:50 PM | 5 Jan, 2021
- #2020InReview – Pakistan's initiatives in the year 202010:55 PM | 4 Jan, 2021