SBP to announce monetary policy on April 13, no change expected – Alfalah Securities Limited

Karachi: State Bank of Pakistan (SBP) is scheduled to release Monetary Policy Statement (MPS) on April 13, 2012 for the next two months.

According to Alfalah Securities Limited believes the discount rate would be kept unchanged at 12.0% due to rising inflation and higher risk on balance of payment. The CPI inflation is expected to rise to 11.14% YoY for the month of April 2012 which is likely to be announced in the first week of April. The CPI inflation would inch up mainly due to increase in petroleum prices, electricity tariffs and rising food prices during March as compared to the previous month.

Leave a Reply