Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rates (KIBOR) on Monday, reflecting slight adjustments across various tenors. The rates are a crucial benchmark for financial institutions in determining loan and investment returns.

According to the new figures, the one-week KIBOR rate stands at a bid of 11.93 and an offer of 12.43. The two-week rate is at 11.89 for bids and 12.39 for offers. The one-month tenor shows a bid rate of 11.88 and an offer rate of 12.38.

For the three-month period, the bid rate is recorded at 11.86, with offers at 12.11. The six-month tenor shows rates at 11.84 for bids and 12.09 for offers. The nine-month rate presents a bid of 11.79 and an offer of 12.29.

The one-year KIBOR rate remains slightly lower, with bids at 11.78 and offers at 12.28. These rates serve as an essential guide for banks and financial institutions in setting their lending and deposit rates.

The KIBOR rates, updated regularly, reflect the cost of borrowing between banks and are a significant indicator of the monetary policy direction.