HIGHLIGHTS: SBP policy

4.1pc GDP growth at lower than 4.4pc target
-- CPI inflation slightly less at 8.2 percent in June 2014 from 8.3 percent in the previous month
-- External account balance deficit of $ 2.6 billion during July-May FY14 compared to $ 2.2 billion during the same period a year ago
-- Trade deficit increases to $ 15 billion in FY14 compared to $ 14.1 billion in July-May FY13
-- FDI of $1255 million in FY14; $1258 million in FY13
-- Government domestic debt rises by Rs 1055 billion
-- External debt rises by $0.6 billion
-- Total debt rises by Rs 1,274 billion during July-May FY14
-- Net Foreign Assets remain key driver of reserve money growth during FY14
-- In FY14, government borrowing needs were largely met through scheduled banks
-- Banks holding of government securities now stands at 83 percent of their total liquid assets
-- Volatility in overnight repo rate increases in Q1 of FY15