March 02, 2023 (MLN): The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting held today, has decided to raise the policy rate by 300 basis points (bps) to 20% to arrest the inflationary pressure.
The outcome of the meeting was in line with the market expectations where the analyst fraternity believed that the monetary policy committee of SBP will go for an aggressive hike of 200-300 bps.
Copyright Mettis Link News
Posted on: 2023-03-02T16:38:57+05:00
The post SBP jacks up policy rate by 300 bps to 20% appeared first on Mettis Global Link.
* This article was originally published here
Comments
Post a Comment