Monetary policy

Stands at 1.32%, prompts calls for cut in SBP’s key monetary policy rate

Says central bank provided indirect loans to govt leading to high inflation

Central bank takes cautious approach against likely uptick in inflation readings amid ongoing talks with IMF

KSE-100 index sheds 69.42 points, settles at 65,656.62

BI raised key policy rate by 250 basis points from Aug 2022 to Oct 2023

Marks departure from earlier predictions suggesting possibility of modest rate cut in Dec 2023

Leaves policy rate unchanged but signals it has peaked out at current level

Bitcoin fell 5% amid sell-off for cryptocurrencies due to a concern over tighter US monetary policy.

Monetary policy to remain flexible

Benchmark KSE-100 index climbs 593.25 points to settle at 45,450.31