Tag Archives: State Bank raises benchmark interest rate to 13.25pc

The State Bank of Pakistan (SBP) raised its main policy rate by 100 basis points on Tuesday to 13.25 per cent, citing increased inflationary pressures and a likely near-term rise in prices from higher utility costs. SBP Governor Reza Baqir said the decision to raise rates took into account upside inflationary pressures and the impact from recent increases in utility …

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