|
| Monetary Policy Decision-Making in Pakistan |
|
| Monetary Policy Decision-Making Body |
|
|
Monetary Policy Committee is responsible and fully empowered to decide the monetary policy stance. Section 9E of the SBP Act 1956 lays out the powers and functions of the Monetary Policy Committee that have been mainly identified as to:
(a) formulate, support and recommend the monetary policy, including, as appropriate, decisions relating to intermediate monetary objectives, key interest rates and the supply of reserves in Pakistan and may make regulations for their implementation;
(b) approve and issue the monetary policy statement and other monetary policy measures.
Members of Monetary Policy Committee
|
|
-
 |
| |
| SBP Policy Rate |
|
9.75% p.a. |
| |
SBP Overnight
Reverse
Repo (Ceiling) Rate |
| 10.75%
p.a. |
| |
SBP Overnight
Repo (Floor) Rate |
| 8.75%
p.a. |
|
-
 |
| |
| Overnight
Weighted Average Repo Rate |
As on 13-Jan-22
10.36% p.a. |
| |
KIBOR
As on 14-Jan-22 |
| Tenor |
BID |
OFFER |
| 3-M |
10.23 |
10.48 |
| 6-M
|
11.21 |
11.46 |
| 12-M
|
11.28 |
11.78 |
| |
|
|
|
| |
|
-
 |
MTBs |
| Tenor |
Rates |
| 3-M |
10.4498% |
| 6-M |
11.3699% |
| 12-M |
11.4900% |
| (as
on Jan 12, 2022) |
|
PIBs (Fixed Rate) |
| Tenor |
Rates |
| 3-Y |
11.5000% |
| 5-Y |
11.5740% |
| 10-Y |
11.5143% |
| 15-Y |
No Bids Received |
| 20-Y |
Bids Rejected |
| 30-Y |
No Bids Received |
| (as
on Dec 22, 2021) |
|
PIBs (Floating Rate Quarterly) |
| Tenor |
Cut-off Price |
| 2-Y |
Bids Rejected |
| 3-Y |
Rs. 98.3665 |
| (as
on Jan 12, 2021) |
| PIBs (Floating Rate Semi Annual) |
| Tenor |
Cut of Price |
| 5-Y |
Bids Rejected |
| 10-Y |
Bids Rejected |
| (as
on Dec 29, 2021) |
| GIS (FRR) |
| Tenor |
Cut-off Rental Rate |
| 5-Y |
11.15% |
| (as
on 06-Jan- 2022) |
| GIS (VRR) |
| Tenor |
Cut-off Price |
| 5-Y |
Rs. 100.5000 |
| (as
on 06-Jan- 2022) |
|
|
-
 |
PIB
Auction
(Fixed Rate)
27-Jan-22 |
MTB Auction
26-Jan-22
|
PIB Auction
(Floating Rate)
Semi-Annual
26-Jan-22 |
PIB Auction
(Floating Rate)
Quarterly
26-Jan-22 |
GIS VRR
10-Feb-22 |
GIS FRR
10-Feb-22 |
|
 |
 |
| As
on 07-Jan-22 |
SBP’s Reserves |
17,597.9 |
Bank’s Reserves |
6,303.5 |
Total Reserves |
23,901.4 |
|
|
-
 |
| |
| USD/PKR
Rates |
| As on 14-Jan-22 |
| |
M2M
Revaluation Rate |
| 176.0675 |
| |
Weighted
Average Rate |
| Bid: |
175.8885 |
| Offer: |
176.3113 |
| |
|
|
| |
|
-
|