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Pakistan increases policy rate by 100 basis points to anchor inflation

januari 23, 2023by Reacties uitgeschakeld voor Pakistan increases policy rate by 100 basis points to anchor inflation

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ISLAMABAD, Jan. 23 (Xinhua) — The State Bank of Pakistan (SBP) on Monday decided to increase the policy rate by 100 basis points to 17 percent as the country continued to be in the grip of high inflation, according to the SBP.

The monetary policy committee of the SBP held a meeting on Monday and decided to raise the interest rate, noting that inflationary pressure is persisting and continues to be broad-based,

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