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Governor Tariq Bajwa

State Bank hikes 25 basis points in new Monetary Policy

ISLAMABAD: Governor State Bank of Pakistan on Thursday announced 25 basis points hike in the interest rate in a press conference here on the new monetary policy for the upcoming two months. Governor central bank Tariq Bajwa's announcement of 25 basis points hike has pushed the interest rate to 10.25 percent. Earlier, the Monetary Policy Committee (MPC) of the central bank in its meeting in Islamabad decided the Monetary Policy. The central bank had hiked the monetary policy rate by 150 basis points in November last…