SBP increases interest rate by 150bps to 12.25pc

SBP increases interest rate by 150bps to 12.25pc

Karachi (Staff Report): The State Bank of Pakistan (SBP) on Monday announced the monetary policy, increasing key interest rate by 150 basis points to 12.25 percent.


The interest rate was previously stood at 10.75 per cent.

The rate of inflation is expected to accelerate to five-year high at 9.59% in May compared to 8.82% in the previous month of April.