Regulatory Alerts2025-01-27 | DMMD Circular No. 01SBP Policy Rate and Overnight Repo and Reverse-Repo Facilities
The State Bank of Pakistan has reduced its policy rate from 13.00% to 12.00%, effective January 28, 2025. This adjustment sets the overnight reverse repo ceiling at 13.00% and the overnight repo floor at 11.00%, preserving a 200-basis-point interest rate corridor. Commercial banks and primary dealers must ensure money market overnight rates track the new target while all other monetary management directives remain in force.
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