SBP Increases Interest Rate by 150 Basis Points, Bringing it to 13.75%

On Monday, the State Bank of Pakistan (SBP) announced its decision to raise the benchmark policy interest rate by 150 basis points (bps) to 13.75% for the next six weeks to hold the balance between inflation and financial growth. The central bank thinks that this “effective action” was necessary to anchor inflation expectations and maintain […]