Monetary Policy: SBP increases interest rate by 12.25 per cent

KARACHI: The State Bank of Pakistan announced the monetary policy on Monday increasing the interest rate by 12.25 per cent. The interest rate was increased 150 basis points and previously stood at 10.75 per cent. SBP said the current account deficit between July-March 2019 was decreased by 29 per cent. The current account deficit of first nine months of the...

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