Macro Analysis /
Pakistan

Pakistan central bank raises policy rate by 125bps to 15%

  • SBP has increased policy rate by 125bps as second round effects become visible

  • Sharp rise in inflation warranted tightening to barricade against any de-anchoring

  • Vulnerable FX rate and imports will keep SBP on tenterhooks till Pakistan re-tracks IMF loan

Wajid Rizvi
Intermarket Securities
7 July 2022

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