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| Monetary Policy Communication in Pakistan |
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| Discussion Forum, Workshops, and Seminars on Monetary Policy |
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SBP also organize workshops for media personnel to enhance their understanding on basic macroeconomic indicators, issues, and policies, including those related to monetary policy, in Pakistan.
Furthermore, with the objective to create synergy between academics and the practitioners in improving understanding of monetary policy issues, MPD holds seminars at various academic institutions to share its knowledge and experience on monetary policy formulation and implementation in Pakistan. Similarly, SBP invites academicians and economists active in doing research in the area of monetary policy to share their views and research finding with the SBP’s staff and senior management. SBP encourages collaborative research on monetary policy issues between its staff and faculty members at different universities and business school.
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| SBP Policy Rate |
| 5.75% p.a. |
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SBP Overnight
Reverse
Repo (Ceiling) Rate |
| 6.25% p.a. |
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SBP Overnight
Repo (Floor) Rate |
| 4.25% p.a. |
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 |
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| Overnight Weighted Average Repo Rate |
As on 12-May-17
5.82 % p.a. |
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KIBOR
As on 15-May-17 |
| Tenor |
BID |
OFFER |
| 3-M |
5.88 |
6.13 |
| 6-M |
5.89 |
6.14 |
| 12-M |
5.94 |
6.44 |
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 |
| |
| MTBs |
| Tenor |
Rates |
| 3-M |
5.9910% |
| 6-M |
6.0109% |
| 12-M |
6.0273% |
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| PIBs |
| Tenor |
Rates |
| 3-Y |
Bids Rejected |
| 5-Y |
Bids Rejected |
| 10-Y |
Bids Rejected |
| 20-Y |
No Bids Received |
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GIS
Cut-off Margin over Benchmark*:
-50 bps
* Latest 6-M W.A MTB Rate
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 |
MTB Auction
24-May-17 |
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| PIB Auction 17-May-17 |
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 |
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| As on 05-May-17 |
SBP’s Reserves |
15,912.5 |
Bank’s Reserves |
4,878.0 |
Total Reserves |
20,790.5 |
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 |
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| USD/PKR Rates |
| As on 15-May-17 |
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M2M
Revaluation Rate |
| 104.8387 |
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Weighted
Average Rate |
| Bid: |
104.7352 |
| Offer: |
104.9206 |
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