Please
refer to DMMD Circular No.1 dated 15th August 2009 and
Circular No. 2 dated 29th September, 2010. Following changes
are announced with reference to these circulars:
1.
The SBP Overnight Reverse-Repo (Ceiling) rate has been
increased from 13.50% to 14.00% p.a.
2.
The SBP Overnight Repo facility will be available at 11.00%
p.a. This will serve as the ‘Floor’ for the
Interest Rate corridor as announced by the above referenced
circular.
3.
Hence, the Floor and Ceiling levels for the interest rate
corridor are 11.00% and 14.00% p.a. respectively (i.e.
width of 300 bps).
4.
Above changes are effective from 30th November 2010.
5.
Other instructions on the subject shall, however, remain
unchanged.
Please
acknowledge receipt.