{"id":82278,"date":"2021-12-15T10:32:10","date_gmt":"2021-12-15T05:32:10","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=82278"},"modified":"2021-12-15T10:32:15","modified_gmt":"2021-12-15T05:32:15","slug":"sbp-interest-rate-100-to-9-75","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-interest-rate-100-to-9-75.html","title":{"rendered":"SBP hike interest rate by 100 basis points to 9.75%"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday (December 14) raised its monetary policy rate by 100 basis points, which brought the interest rate to 9.75 %, according to news reports. The policy rate has been raised from 8.75 %, marking the third straight hike in the policy rate in response to the shifting dollar-to-rupee parity, inflation and rising current account deficit (CAD).\u00a0 <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/asaan-mobile-account-for-branchless-banking.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP launches Asaan Mobile Account for branchless banking services<\/a><\/p>\n\n\n\n<p>According to the report, the decision to hike the policy rate was made during a meeting of the <a href=\"https:\/\/www.zameen.com\/news\/sbp-dfis-exposure-limit-25-target.html\" data-type=\"post\" data-id=\"81938\" target=\"_blank\" rel=\"noreferrer noopener\">Monetary Policy Committee (MPC)<\/a>. Informing the public of the change in interest rate from the SBP\u2019s official Twitter handle, the central bank maintained that the reduction in the policy rate will help sustain growth and reduce inflation. It was also stated that the MPC expects monetary policy to remain unchained in the near future following the recent hike.\u00a0Moreover, SBP Governor Dr Reza Baqir stated that the move was predicted; nonetheless, the government is expected to maintain the interest rate generally constant in the forthcoming MPC on January 24, 2022.\u00a0<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-saving-rate-7-25-change.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP jacks up saving rate to 7.25% following policy rate change<\/a><\/p>\n\n\n\n<p>Furthermore, according to the press release, SBP expects the inflation rate to remain between 9 to 11% this fiscal year, while GDP growth is expected to reach the upper forecast rate of 4-5%. It is important to note that so far SBP has made a third consecutive change in interest rate since September with the recent <a href=\"https:\/\/www.zameen.com\/news\/sbp-policy-rate-up-150-base-points-8-75.html\" data-type=\"post\" data-id=\"81635\" target=\"_blank\" rel=\"noreferrer noopener\">hike of 150 basis points on November 19<\/a>. The market watchers have predicted the interest rate and many expect it to go further up in response to the rising CAD and international market situation.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday (December 14) raised its monetary policy rate by 100 basis points, which brought the interest rate to 9.75 %, according to news reports. The policy rate has been raised from 8.75 %, marking the third straight hike in the policy rate in response to the shifting dollar-to-rupee parity, inflation and rising current account deficit (CAD).\u00a0 Read: SBP launches Asaan Mobile Account for branchless banking services According to the report, the decision to hike the policy rate was made during a meeting of the Monetary Policy Committee (MPC). Informing the public of the change in interest rate from the SBP\u2019s official Twitter handle, the central bank maintained that the reduction in the policy rate will help sustain growth and reduce inflation. It was also stated that the MPC expects monetary policy to remain unchained in the near future following the recent hike.\u00a0Moreover, SBP Governor Dr Reza Baqir stated that the move was predicted; nonetheless, the government is expected to maintain the interest rate generally constant in the forthcoming MPC on January 24, 2022.\u00a0 Read: SBP jacks up saving rate to 7.25% following policy rate change Furthermore, according to the press release, SBP&hellip;<\/p>\n","protected":false},"author":84,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[50020,50019,50018],"persona":[],"class_list":{"0":"post-82278","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-interest-rate-change","9":"tag-policy-rate-sbp","10":"tag-sbp-hike-interest-rate-by-100-basis-points-to-9-75","11":"cat-15017-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 hike interest rate by 100 basis points to 9.75% - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday (December 14) raised its monetary policy rate by 100 basis points, which brought the interest rate to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-interest-rate-100-to-9-75.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP hike interest rate by 100 basis points to 9.75% - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday (December 14) raised its monetary policy rate by 100 basis points, which brought the interest rate to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-interest-rate-100-to-9-75.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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