Monetary Policy

 







Monetary Policy Decisions and Statements
Workshops, and Seminars on Monetary Policy



  Monetary Policy Communication in Pakistan  
   Monetary Policy Decisions and Statements

Monetary Policy Decisions are issued every alternate month in, July, September, November, January, March and May. They contain brief analysis of economic conditions and rationale behind the monetary policy decision. For details see Monetary Policy Statements.

SBP communicates its monetary policy stance primarily through its websites and press release. Governor SBP makes a press conference usually at the beginning and middle of fiscal years (July and January) to present the monetary policy stance to media in addition to uploading the decision on website and press release. In a bid to improve the communication of monetary policy and transparency, SBP has started publishing minutes of the Monetary Policy Committee on its website. After the monetary policy announcement, higher management of SBP makes presentations at various forums and gives interviews to print and electronic media to further clarify its monetary policy stance.





  •  
    SBP Policy Rate
    5.75% p.a.
     
    SBP Overnight
    Reverse
    Repo (Ceiling) Rate
    6.25% p.a.
     
    SBP Overnight
    Repo (Floor) Rate
    4.25% p.a.
  •  
    Overnight Weighted Average Repo Rate
    As on 19-Jan-17
    5.92 % p.a.
     
    KIBOR
    As on 18-Jan-17
    Tenor BID OFFER
    3-M 5.84 6.09
    6-M 5.86 6.11
    12-M 5.90 6.40

  •  
    MTBs
    Tenor Rates
    3-M 5.9017%
    6-M 5.9258%
    12-M 5.9598%
    PIBs
    Tenor Rates
    3-Y Bids Rejected
    5-Y Bids Rejected
    10-Y Bids Rejected
    20-Y Bid not received


    GIS

    Cut-off Margin over Benchmark*:  
    -50 bps

    * Latest 6-M W.A MTB Rate


  • MTB Auction

    01-Feb-17

     
    PIB Auction

    25-Jan-17

     
    As on 13-Jan-17
    SBP’s Reserves
    18,361.0
    Bank’s Reserves
    4,830.5
    Total Reserves
    23,191.5

  •  
    USD/PKR Rates
    As on 20-Jan-17
     
    M2M
    Revaluation Rate
    104.8556
     
    Weighted
    Average Rate
    Bid: 104.7686
    Offer: 104.9540
       
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