Karachi: The State Bank Of Pakistan (SBP) has announced a monetary police for the next two months while an interests rate has been increased by 1.50 percent.
The SBP has raised interests rate by 1.50 percent after which basic interests rate has become 13.75 percent.
1/3 At today’s meeting, MPC decided to raise policy rate by 150bps to 13.75%. This action, together with much needed fiscal consolidation, should help moderate demand to more sustainable pace while keeping inflation expectations anchored & containing risks to external stability.
— SBP (@StateBank_Pak) May 23, 2022
Before this the basic interests rate stood at 12.25 percent.
