Central Bank of Pakistan raises bank interest rate by 0.5%

Media In / Islamabad 30-03-2019 Agencies
The Central Bank of Pakistan announced a 0.5% increase in bank interest rates to 10.75%.
A statement issued by the Central Bank of Pakistan said last night that the bank interest rate was raised to control inflation and the budget deficit.
This is the sixth time that the bank rate has been raised respectively by the Central Bank of Pakistan, with inflation accelerating from the expected range.