The SBP raises interest rates by 150 basis points to 8.75 percent.
KARACHI, Pakistan — In an effort to limit runaway inflation, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 150 basis points to 8.75 percent on Friday. The Monetary Policy Committee (MPC) voted to raise the policy rate by 150 basis points to 8.75 percent at itsRead More →
