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Karachi: State Bank of Pakistan (SBP) on Friday announced a monetary policy for next two months as it fixed an interest rate on 16 percent.
1/3 At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 16%. https://t.co/E4scWh3Eeo— SBP (@StateBank_Pak) November 25, 2022
The SBP has hiked an interest by one percent while apprising the reason for an uptick in the interests rate, the SBP said that the pressure of inflation is continues and more than the expectation.
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