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O/N reverse repo rate fixed at 13.00pc, repo at 11.00pc
KARACHI: The State Bank of Pakistan (SBP) has decided to increase ‘Policy Rate’ (Target Rate) from 11.50 percent to 12.00 percent. According to SBP, with increase in target rate, the SBP Overnight Reverse Repo (Ceiling) rate will be at 13.00 percent, i.e. 100 bps above the SBP Policy Rate. READ ALSO: Businesspeople say any hike in policy rate to hit businesses The SBP Overnight Repo (Floor) rate will be at 11.00 percent, i.e. 100 bps below the SBP Policy Rate. Accordingly, the Floor and Ceiling levels for the Interest Rate Corridor are 11.00 percent and 13.00 percent p.a., respectively (i.e., ...
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