SBP expected to raise interest rate by 100-200bps today
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SBP expected to raise interest rate by 100-200bps today
KARACHI (Dunya News) - The State Bank of Pakistan (SBP) is much likely to raise its key interest rate by up to 200bps today.
Following the meeting of the Monetary Policy Committee (MPC) of the central bank, Governor Jameed Ahmad will announce the monetray policy during a press conference. The policy rate was increased by 100bps to 16 per cent in November 2022.
The SBP has raised rates by a total of 625bps since January 2022. The policy rate will be announced in the wake of rising inflation and falling foreign exchange reserves.
Economic experts fear that any increase in policy rates will take the rate to 25-year high.
