New from StartUpPakistani
The Monetary Policy Committee (MPC) has decided to raise interest rates by 100 basis points to 16%.
“This decision reflects the MPC’s view that inflationary pressures have proven stronger and more sustained than expected. We aim to ensure that the avenues for possible growth are paved,” said MPC.
The central bank’s MPC has noted some important developments since its last MPC in October.
The MPC noted that headline inflation rose by almost 3.5 points in October to 26.6% (y/y). SBP raises interest rates by 100 basis points to 16D
44 The MPC said the decision reflected its view that inflationary pressures had proven to be stronger and more persistent than expected.
A majority of market participants expected the central bank to keep rates on hold