Karachi November 22 2021: SBP has decided to increase ‘Policy Rate’ (Target Rate) from 7.25% to 8.75%.
SBP Overnight Reverse Repo (Ceiling) rate will be at 9.75% i.e. 100 bps above the SBP Policy Rate.
The SBP Overnight Repo (Floor) rate will be at 7.75% i.e. 100 bps below the SBP Policy Rate.
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Accordingly, the Floor and Ceiling levels for the Interest Rate Corridor are 7.75% and 9.75% p.a. respectively (i.e. width of 200bps).
SBP will continue to ensure that the money market overnight rate remains close to the SBP Policy Rate (Target Rate).
