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State Bank of Pakistan Jacks up key rate to record high of 22%

by News Publishing
26/06/2023
in Main
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State Bank of Pakistan Jacks up key rate to record high of 22%
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Following the withdrawal of its import guideline, the State Bank of Pakistan’s (SBP) Monetary Policy Committee resolved in an emergency meeting on Monday to raise the policy rate by 100 basis points (bps) to 22%.

1/3 MPC of #SBP convened an emergency meeting today, where it noted that potential upside risks to the inflation outlook have increased from the last meeting, and accordingly decided to raise the policy rate by 100bps to 22%.https://t.co/unuS6xmJHz#SBPMonetaryPolicy pic.twitter.com/FWenKLqdkt

— SBP (@StateBank_Pak) June 26, 2023
Tags: latestmonetary policy committeeState Bank of Pakistan

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