Monetary policy: SBP jacks up interest rate by 100 basis points to 9.75%
- 14-Dec-2021
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee on Tuesday increased interest rate by 100 basis points to 9.75 percent to counter inflationary pressures and ensure that growth remains sustainable. This is the third successive interest-rate increase since September 2021 by MPC. “The MPC decided to raise the policy rate by 100 basis […]