Monetary Policy Committee Members

Voting members on Pakistan's policy rate

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Pakistan central bank raises key rate to 12%

Nine of ten members voted for the October 26 hike

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