{"id":65369,"date":"2020-05-13T10:06:18","date_gmt":"2020-05-13T05:06:18","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65369"},"modified":"2020-05-13T16:22:08","modified_gmt":"2020-05-13T11:22:08","slug":"sbp-expected-to-launch-monetary-policy-on-may-15","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-expected-to-launch-monetary-policy-on-may-15.html","title":{"rendered":"SBP expected to launch monetary policy on May 15"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) is expected to announce its monetary policy on May 15; following the meeting of its Monetary Policy Committee on Friday, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-to-finance-businesses-payroll-under-rozgar-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP to finance businesses\u2019 payroll under Rozgar Scheme<\/a><\/p>\n\n\n\n<p>The financial sector, highly interested in SBP&#8217;s coming monetary policy, expects additional reduction in the interest rate for loans. Previously, the central bank slashed the interest rate policy from 13.2% to 9% in March amid the ongoing coronavirus lockdown in the country.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbps-refinance-scheme-expected-save-850000-workers-losing-jobs.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP\u2019s Refinance Scheme expected to save 850,000 workers from losing jobs<\/a><\/p>\n\n\n\n<p>Meanwhile, the finance sector maintains that reducing the cost of lending is essential for the country\u2019s economic revival and expressed concern over the halt of trading and industrial activities ensued by the COVID-19 pandemic.<\/p>\n\n\n\n<p>The SBP has already introduced several <a href=\"https:\/\/www.zameen.com\/news\/sbp-introduces-refinance-scheme-to-support-employment-for-smes.html\" target=\"_blank\" rel=\"noreferrer noopener\">refinancing and risk-mitigating schemes<\/a> for small and medium scale businesses (SMEs). Furthermore, the central bank has also instructed banks to prevent large scale layoffs to save the millions of jobs at risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) is expected to announce its monetary policy on May 15; following the meeting of its Monetary Policy Committee on Friday, according to news sources. Read: SBP to finance businesses\u2019 payroll under Rozgar Scheme The financial sector, highly interested in SBP&#8217;s coming monetary policy, expects additional reduction in the interest rate for loans. Previously, the central bank slashed the interest rate policy from 13.2% to 9% in March amid the ongoing coronavirus lockdown in the country. Read: SBP\u2019s Refinance Scheme expected to save 850,000 workers from losing jobs Meanwhile, the finance sector maintains that reducing the cost of lending is essential for the country\u2019s economic revival and expressed concern over the halt of trading and industrial activities ensued by the COVID-19 pandemic. The SBP has already introduced several refinancing and risk-mitigating schemes for small and medium scale businesses (SMEs). Furthermore, the central bank has also instructed banks to prevent large scale layoffs to save the millions of jobs at risk.<\/p>\n","protected":false},"author":75,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[28971,28972,21853],"persona":[],"class_list":{"0":"post-65369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-sbp-expected-to-launch-monetary-policy-on-may-15","9":"tag-sbp-monetary-policy","10":"tag-state-bank-of-pakistan-sbp","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP expected to launch monetary policy on May 15 - Zameen News<\/title>\n<meta name=\"description\" content=\"State Bank of Pakistan (SBP) is expected to announce its monetary policy on May 15; 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