Central bank increases policy rate by 100bps to 11.5pc
Culture Index
Score Breakdown
Relevance
3/25
Freshness
25/25
Authority
10/20
Brand Signal
12/15
Depth
6/15
5-Axis Cultural Radar
The State Bank of Pakistan (SBP) on Monday raised its key policy rate to 11.5 per cent. In its meeting today, the Monetary Policy Committee (MPC) “decided to raise the policy rate by 100 basis points to 11.50pc” with effect from Tuesday, the SBP said in a statement. The hike is the first in almost three years, as rising oil prices from the US-Israel war on Iran threaten to push inflation higher in
