The SBP looks optimistic about the ongoing talks with the IMF

The MPC decided to raise to policy rate by 100bps to 9.75% to counter the inflationary pressures and ensure sustainable growth.

The SBP is rather optimistic about the ongoing talks with the IMF, which are likely to conclude in Jan’2022 with a favorable outcome.

International lenders, including bilateral, multilateral, FDI, Sukuk, and official creditors, have committed to fully fund the current account deficit, while Chinese have rolled over SAFE deposit amount of USD4.0bn.

The SBP anticipates a drop in commodity prices in the next months, since future pricing indicate a downward trend on the new Covid variant, and most central banks are increasing interest rates to combat rising inflation.

Courtesy – Spectrum Research’

Posted in Article & Features.

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