SBP) raised the benchmark policy rate by 150 basis points (bps) to 13.75% for the next six weeks

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The State Bank of Pakistan (SBP) on Monday raised the benchmark policy rate by 150 basis points (bps) to 13.75% for the next six weeks to maintain the balance between inflation and economic growth.

The central bank believes that this “effective action” was important to anchor inflation expectations and maintain external stability.