{"id":5242,"date":"2024-12-13T12:06:46","date_gmt":"2024-12-13T07:06:46","guid":{"rendered":"https:\/\/tradingonlevels.com\/?p=5242"},"modified":"2024-12-13T12:06:46","modified_gmt":"2024-12-13T07:06:46","slug":"kcci-seeks-400bps-cut-in-sbp-policy-rate","status":"publish","type":"post","link":"https:\/\/tradingonlevels.com\/?p=5242","title":{"rendered":"KCCI seeks 400bps cut in SBP policy rate"},"content":{"rendered":"<h3 class=\"story__title      text-7.5  font-bold  font-playfair-display      mt-1  pb-3  border-b  border-gray-300  border-solid\" dir=\"auto\" data-layout=\"story\" data-id=\"1878411\"><span style=\"text-decoration: underline;\">KCCI seeks 400bps cut in SBP policy rate<\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-5243\" src=\"https:\/\/tradingonlevels.com\/wp-content\/uploads\/2024\/12\/sbp1-300x180.jpg\" alt=\"\" width=\"900\" height=\"540\" srcset=\"https:\/\/tradingonlevels.com\/wp-content\/uploads\/2024\/12\/sbp1-300x180.jpg 300w, https:\/\/tradingonlevels.com\/wp-content\/uploads\/2024\/12\/sbp1-768x461.jpg 768w, https:\/\/tradingonlevels.com\/wp-content\/uploads\/2024\/12\/sbp1.jpg 800w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/p>\n<h4>KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani has urged the State Bank of Pakistan (SBP) to reduce the policy rate by 400 basis points in the\u00a0<a href=\"https:\/\/www.dawn.com\/news\/1876338\">upcoming<\/a>\u00a0Monetary Policy Committee (MPC) meeting as inflation witnessed sharp deceleration to 4.86 per cent in November.<\/h4>\n<h4><span class=\"light\">Drastic policy rate cuts would align real interest rates closer to sustainable levels and make borrowing affordable for businesses and consumers, he said in a statement.<\/span><\/h4>\n<h4><span class=\"light\">He noted that the drop in\u00a0<a href=\"https:\/\/www.dawn.com\/news\/1876215\">inflation<\/a>\u00a0in November marked the fourth consecutive month of single-digit inflation after over two years of high inflationary pressures. The SBP has reduced the policy rate from 22pc to 15pc since June.<\/span><\/h4>\n<h4><span class=\"light\">However, the current interest rate remains relatively high compared to regional peers such as India (6.5pc), Vietnam (4.5pc), and Bangladesh (10pc), he said, adding that high interest rate continues to suppress private sector credit growth and stifle economic activity, placing Pakistan at a competitive disadvantage.<\/span><\/h4>\n<h4><a href=\"https:\/\/www.dawn.com\/news\/1878411\/kcci-seeks-400bps-cut-in-sbp-policy-rate\">https:\/\/www.dawn.com\/news\/1878411\/kcci-seeks-400bps-cut-in-sbp-policy-rate<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>KCCI seeks 400bps cut in SBP policy rate KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani&#8230;<\/p>\n","protected":false},"author":3,"featured_media":5243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-5242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts\/5242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5242"}],"version-history":[{"count":1,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts\/5242\/revisions"}],"predecessor-version":[{"id":5244,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts\/5242\/revisions\/5244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/media\/5243"}],"wp:attachment":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}