ShreeMetalPrices: Pakistan’s central bank raises the Interest Rate by 300 bps as country faces greatest inflation in 50 years


Pakistan’s central bank hiked its benchmark interest rate by 300 bps on Thursday. Surpassing investor forecasts, as the cash-strapped government strives to persuade the International Monetary Fund (IMF) to release essential loans. Consumer price inflation (CPI) has reached its highest level in over 50 years. The benchmark rate of the State Bank of Pakistan (SBP) […]