Regulatory Alerts2025-05-05 | DMMD Circular No. 04SBP Policy Rate and Overnight Repo/Reverse-Repo Facilities
The State Bank of Pakistan has reduced its Policy Rate from 12.00% to 11.00%, effective May 6, 2025. This adjustment establishes an overnight reverse repo ceiling of 12.00% and a repo floor of 10.00%, preserving the existing 200-basis-point interest rate corridor. Commercial banks and primary dealers must maintain money market overnight rates near the new target while all other monetary management directives remain in force.
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