In a surprise move, the State Bank of Pakistan (SBP) on Thursday raised its benchmark interest rate by a significant 250 basis points to 12.25% as it grapples with uncertainty around the outlook for international commodity prices and global financial conditions, which had been exacerbated by the Russia-Ukraine conflict.
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Monatery Policy: SBP hikes interest rate by significant 250 basis points to 12.25%
![Monatery Policy: SBP hikes interest rate by significant 250 basis points to 12.25%]()
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April 07, 2022
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