Please refer to DMMD
Circular No. 22 dated September 29,
2018. Following changes are announced
with reference to this circular:
1. SBP has decided to increase its
‘Policy Rate’ (Target
Rate) from 8.50% to 10.00%
2. The SBP Overnight Reverse Repo
(Ceiling) rate will be at 10.50% i.e.
50 bps above the SBP Policy Rate.
3. The SBP Overnight Repo (Floor)
rate will be at 8.50% i.e. 150 bps
below the SBP Policy Rate.
4. Accordingly, the Floor and Ceiling
levels for the Interest Rate Corridor
are 8.50% and 10.50% p.a. respectively.
(i.e. width of 200bps).
SBP will ensure that money market overnight
rate remains close to the SBP Policy
Rate (Target Rate).
Above changes are effective from December
03, 2018. Other instructions on the
subject shall, however, remain unchanged.