SBP hikes interest rate to 10pc
December 03, 2018 00:00:00
ISLAMABAD, Dec 02 (Reuters): The State Bank of Pakistan (SBP) hiked its key interest rate by 150 basis points to 10 per cent, citing rising inflation and high current account and fiscal deficits.
"Continued inflationary pressure (and rising inflationary expectations) needs to be checked," the central bank said in a statement on Friday.
