Karachi: The State Bank of Pakistan has released its latest Karachi Interbank Offered Rate (KIBOR), signaling a period of stability in short-term borrowing costs for financial institutions. The updated rates reflect minor fluctuations across various tenors, with the one-week tenor bid and offer rates set at 10.08% and 10.58%, respectively.
According to State Bank of Pakistan, the KIBOR rates for different tenors show slight adjustments, with the two-week tenor rates at 10.04% for bid and 10.54% for offer. The one-month tenor is set at 10.00% bid and 10.50% offer, while both the three-month and six-month tenors maintain a bid rate of 9.93% and an offer rate of 10.18%. The nine-month tenor shows a bid rate of 9.92% and an offer of 10.42%, and the one-year tenor is slightly lower with a bid rate of 9.91% and an offer rate of 10.41%.
These figures are crucial for financial institutions as they guide the rates at which banks lend to one another in the short term, impacting the overall economic activity and liquidity in the market. The stable rates suggest a consistent monetary policy stance by the central bank, aiming to maintain equilibrium in the financial sector.
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