Governor, State Bank of Pakistan
Appears in 1 story
Announced the October 26 rate decision at a news conference in Karachi
Pakistan's central bank raised its benchmark policy rate by half a percentage point to 12% on October 26, the first increase since April. Nine of the ten Monetary Policy Committee members backed the move, which comes as annual inflation hit 10.3% in September — well above the bank's 5-7% target.
Updated 2 hours ago
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