With the State Bank of Pakistan’s (SBP) latest Monetary Policy Committee (MPC) meeting just around the corner, market participants are expecting yet another significant jump in the policy rate of 100 bps or above, revealed Ismail Iqbal Securities in its latest survey.
As per the said survey, there is a clear shift in expectations, with money managers having a more hawkish stance this time as compared to earlier MPC announced in November.
“About 70% of the market participants expect interest rate hike of 100bps or above in the upcoming monetary policy meeting as compared to 40% in Nov-21 meeting survey,” said the report….
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