KARACHI: The State Bank of Pakistan released its latest figures on the Karachi Interbank Offered Rate (KIBOR), demonstrating stability across various tenors. The KIBOR, which serves as a benchmark for lending rates in the Pakistani banking sector, reflects the rates at which banks are willing to lend to one another.
According to State Bank of Pakistan, the rates for the 1-week tenor are bid at 10.41% and offered at 10.91%, while the 2-week tenor shows a bid rate of 10.42% and an offer rate of 10.92%. For the 1-month tenor, the bid stands at 10.69% with an offer rate of 11.19%. The 3-month tenor displays a bid of 11.24% and an offer of 11.49%.
The data further reveals the rates for longer durations, with the 6-month tenor bid at 11.35% and offered at 11.60%. The 9-month tenor is set at a bid of 11.50% and an offer of 12.00%, while the 1-year tenor shows a bid rate of 11.54% and an offer rate of 12.04%. These rates are indicative of the interbank lending market's current conditions and are closely monitored by financial institutions for economic planning and forecasting.
The post Pakistan’s Key Interest Rates Show Stability Across Tenors appeared first on Pakistan Business News.