SBP raised Interest rate by 100 basis points to 9.75%

The State of Pakistan (SBP) raised the Interest rate by 100 basis points to 9.75% for next 2 months.

Announcing monitory policy for the next 2 months in Karachi on 14 December, the State Bank of Pakistan (SBP) has said the decision to raise the interest rate to 9.75% has been taken to counter inflationary pressures, address the current account deficit, and ensure that growth remains sustainable.

The Monetary Policy Committee (MPC) has decided to raise the policy rate by 100 basis points to 9.75 per cent.