SBP raises interest rate to 13.75%
May 24, 2022
KARACHI: In a bid to tackle soaring inflation, the State Bank of Pakistan (SBP) approved a 150-basis point (bps) increase on Monday, taking the base interest rate up to 13.75% from 12.25%. The decision came as Finance Minister Miftah Ismail traveled to Doha to hold talks with the International Monetary[...]