Karachi: The Karachi Interbank Offered Rate (KIBOR) displayed a stable trend across various tenors, according to data released by the State Bank of Pakistan. The rates, which serve as a benchmark for lending between banks, provide insight into the economic climate and liquidity conditions.

The data, sourced from Refinitiv, indicates that the bid and offer rates are closely aligned across different tenors, with the one-week tenor showing a bid rate of 11.99% and an offer rate of 12.49%. The two-week tenor follows closely with a bid of 11.97% and an offer of 12.47%.

For the one-month tenor, the bid rate stands at 11.91%, with banks offering at 12.41%. The three-month tenor shows a bid of 11.58% and an offer of 11.83%, while the six-month tenor rates are at 11.47% for the bid and 11.72% for the offer.

Longer tenors, such as the nine-month and one-year, are also showing similar stability. The nine-month tenor exhibits a bid rate of 11.43% and an offer rate of 11.93%. The one-year tenor is slightly lower with a bid of 11.38% and an offer of 11.88%.

The stability in KIBOR rates comes amidst ongoing economic challenges, providing a level of certainty for financial markets. The rates are a crucial indicator for businesses and investors assessing the cost of borrowing and the overall liquidity in the market.