Pakistan raised its benchmark interest rate to 17% on Jan. 23, 2023, the highest in more than 24 years. The rate hike targets raging inflation amid supply shortages, dwindling FX reserves and stalled foreign financing, signaling acute macro stress that will tighten domestic financial conditions and pressure growth.
Pakistan raised its benchmark interest rate to 17% on Jan. 23, 2023, the highest in more than 24 years. The rate hike targets raging inflation amid supply shortages, dwindling FX reserves and stalled foreign financing, signaling acute macro stress that will tighten domestic financial conditions and pressure growth.
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strongly negative
Sentiment Score
-0.70
