Pakistan sharply increases rates on higher inflation

state-bank-of-pakistan-sbp

The State Bank of Pakistan has increased the policy rate by 100 basis points to 13.25% as inflation rises and the rupee remains weak.

“The decision takes into account upside inflationary pressures from exchange rate depreciation since the last [Monetary Policy Committee] meeting on May 20, 2019,” says the policy statement, published on July 16. The Pakistani rupee declined to 159.3 per US dollar today (July 17) from 146.7 on May 20, which follows a 21% depreciation in 2018.

In theory, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: