Monetary Policy












 About Monetary Policy

Monetary policy involves central banks’ use of instruments to influence interest rates and/or money supply in the economy with the objective to keep overall prices and financial markets stable.

(Read for more detail)

 Monetary Policy Framework in Pakistan

The preamble of the SBP Act, 1956 envisages these objectives as ‘whereas it is necessary to provide for the constitution of a State Bank to regulate the monetary and credit system of Pakistan and to foster its growth in the best national interest with a view to securing monetary stability and fuller utilization of the country’s productive resources.’

(Read for more detail)

 Monetary Policy Decision Making in Pakistan

Monetary Policy Committee is responsible and fully empowered to decide the monetary policy stance.


(Read for more detail)

 Monetary Policy Implementation in Pakistan

Implementation of the monetary policy stance, signaled through announcement of the policy rate, entails managing the day-to-day liquidity in the money market by SBP with the objective to keep the short-term interest rates stable and aligned with the policy rate.

(Read for more detail)

 Monetary Policy Communication in Pakistan

SBP issues Monetary Policy Statement and Decisions six times a year on its website. These documents provide analysis of current economic conditions and sets out the central bank policy rate.


(Read for more detail)

  •  
    SBP Policy Rate
    7.00% p.a.
     
    SBP Overnight
    Reverse
    Repo (Ceiling) Rate
    8.00% p.a.
     
    SBP Overnight
    Repo (Floor) Rate
    6.00% p.a.
  •  
    Overnight Weighted Average Repo Rate
    As on 06-May-21

    7.36% p.a.
     
    KIBOR
    As on 07-May-21
    Tenor BID OFFER
    3-M 7.19 7.44
    6-M 7.37

    7.62

    12-M 7.55 8.05
         
     

  • MTBs
    Tenor Rates
    3-M 7.3497%
    6-M 7.5501%
    12-M 7.6900%
    (as on May 05, 2021)

    PIBs (Fixed Rate)

    Tenor Rates
    3-Y 9.2700%
    5-Y 9.5800%
    10-Y 10.2499%
    15-Y 10.4774%
    20-Y 10.6074
    30-Y No Bids Received
    (as on Apr 13, 2021)

    PIBs (Floating Rate Quarterly)

    Tenor Cut-off Price
    2-Y 99.5793%
    3-Y Bids Rejected
    (as on May 05, 2021)
    PIBs (Floating Rate Semi Annual)
    Tenor Price
    5-Y 98.1794%
    (as on May 05, 2021)
    GIS (FRR)
    Tenor Cut-off Rental Rate
    5-Y 9.45%
    (as on Jan 14, 2021)
    GIS (VRR)
    Tenor Cut-off Price
    5-Y 100-0600
    (as on Jan 14, 2021)

  • PIB Auction
    (Fixed Rate)
    09-Jun-21

     


    MTB Auction

    19-May-21

    PIB Auction
    (Floating Rate)
    Semi-Annual

    19-May-21
    PIB
    (Floating Rate)
    Quarterly

    05-May-21
    As on 30-Apr-21
    SBP’s Reserves
    15,597.9
    Bank’s Reserves
    7,144.7
    Total Reserves
    22,742.6
     

  •  
    USD/PKR Rates
    As on 07-May-21
     
    M2M
    Revaluation Rate
    152.2753
     
    Weighted
    Average Rate
    Bid: 152.0342
    Offer:

    152.3975

       
     
       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
SBP Welfare Trust
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers/index
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2020. All Rights Reserved.