SBP Maintains Key Interest Rate at 5.75 Percent

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The SBP MPC has kept the Target Rate at 5.75 Percent.

Key points from the governers statement were

  • Headline Inflation to be Lower than 6 percent
  • Inflation in FY18 to be between 4.5 to 5.5 percent on crude oil prices
  • Credit Offtake to remain higher
  • Current Account Deficit will be manageable
  • Remittances to be within target
  • LSM growth to be higher in June to May period
  • Current Account deficit reaches 12 billion in FY17
  • Exports were lower, but Imports were higher on CPEC and non CPEC products
  • FY17 SBP Reserves down 2 Billion to 16 Billion
  • Exports likely to grow in FY18
  • Infection Ratio of loans of corporate sector at their lowest
  • Over all growth at a 10 Year high
  • LSM to grow by 5.3 Percent in FY17
  • Growth witnessed in Real Sector
  • Report on devaluation of Rupee to be completed and Submitted to Finance Ministry by Next Week

Link to MPS

Posted on: 2017-07-22T14:05:00+05:00

Data is delayed by 20 minutes

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