SBP likely to jack up monetary policy rate by upto 200bps

The State Bank of Pakistan (SBP) is expected to raise the policy rate by a whopping 100-200 basis points (bps) for the next six weeks given the country’s economic situation, and historically high inflation reading.

Financial pundits expect the Monetary Policy Committee (MPC) — empowered to take a decision keeping in view the macroeconomic fundamentals —  to jack up its key policy rate to 21-22% at the review today (April 4) to rein in historic high inflation.

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