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SBP raises interest rate by 50bps to 10.75pc
KARACHI: The State Bank of Pakistan (SBP) on Friday raised its key benchmark interest rate by 50 basis points to a six-year high of 10.75 per cent as the lagged impact of rupee depreciation is likely to keep inflation upward, while twin deficits continue to warrant stabilisation measures.
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SBP raises interest rate by 50bps to 10.75pc
KARACHI: The State Bank of Pakistan (SBP) on Friday raised its key benchmark interest rate by 50 basis points to a six-year high of 10.75 per cent as the lagged impact of rupee depreciation is likely to keep inflation upward, while twin deficits continue to warrant stabilisat...
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