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SBP poised to hold rate as economic headwinds persist
Business
March 17, 2021
KARACHI: The State Bank of Pakistan (SBP) is likely to keep its policy rate on hold this week to continue to support an economy struggling with surging coronavirus cases, and wary of increasing inflationary pressures, analysts forecast on Tuesday.
The central bank left interest rates unchanged at 7 percent for a third consecutive meeting in January after slashing them five times last year by a total of 625 basis points (bps).
The SBP’s Monetary Policy Committee (MPC) will meet to review rates on March 19 (Friday).
A majority of analysts surveyed sees the policy rate to remain steady in the upcoming meeting in light of forward guidance given by the MPC on the monetary policy. The policymakers, in the last statement, clearly indicated to keep rates on hold in the near term until there are clear signs that the economy is recovering.
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VANCOUVER, BC / ACCESSWIRE / March 17, 2021 / BeMetals Corp.
(TSXV:BMET)(OTCQB:BMTLF)(FSE:1OI.F) (the Company or BeMetals) is pleased to announce commencement of a Preliminary Economic Assessment ( PEA or the Study ) for the high-grade South Mountain Zinc-Silver-Gold-Copper Project ( South Mountain or South Mountain Project or the Property or the Project ) in southwestern Idaho, U.S.A. Both BeMetals and the Optionees of the Property Thunder Mountain Gold ( THMG ) have agreed to appointMine Technical Services Ltd., to undertake and deliver this PEA study for the Project working closely with the Company, its consultants and advisors. As part of the work for the PEA, SGS Mineral Services have launched a metallurgical test work program to the update historical process studies. In addition, Hard Rock Consulting LLC., have been contracted to provide an updated mineral resource estimate for the Project based on the drilling to-date including the new analytical drilling res
Hazards:
- Heavy rain across portions of the Northern/Central Plains, and the Upper/Middle Mississippi Valley, Mon-Tue, Mar 22-Mar 23.
- Heavy snow across portions of the Pacific Northwest and the Northern Great Basin, Sun-Mon, Mar 21-Mar 22.
- Heavy snow across portions of the Northern Rockies and the Northern Great Basin, Mon, Mar 22.
- Heavy snow across portions of the Northern Plains and the Northern Rockies, Sat, Mar 20.
- Heavy snow across portions of the Central Rockies and the Central Plains, Sun, Mar 21.
- Flooding possible across portions of the Central Plains, the Tennessee Valley, the Upper/Middle Mississippi Valley, the Great Lakes, and the Ohio Valley.