Macro Analysis /

Pakistan Economy: Big increase in November MPS upon rising risks to stability

  • The SBP raised the policy rate by 150bps to 8.75% in the November MPS

  • Risk of higher inflation and CAD have overtaken the need to sustain growth amid Covid

  • Market reaction should be moderate after a kneejerk, as consensus was already pointing to a large move

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
19 November 2021