State Bank of Pakistan
Dollar Marking Time as Two-Day FOMC Meeting Commences
December 14, 2021
The dollar remained unchanged on balance overnight against the euro, Swiss franc, kiwi, yuan and versus its weighted DXY index. The greenback ticked 0.1% higher relative to the yen and loonie and 0.1% lower vis-a-vis sterling. A two-day meeting of the FOMC began in which policymakers are expected to accelerate previously signaled plans to taper […] More
State Bank of Pakistan’s Policy Interest Rate Cut for Fourth Time in Space of Two Months
May 15, 2020
Pakistan’s key central bank rate was at 13.25% as recently as March 16 but now falls to 8.0%, thanks to two reductions in March totaling 225 basis points, a third cut of 200 bps a month ago and a fourth announced today by the Monetary Policy Committee of 100 basis points after an emergency meeting. […] More
