January 26, 2018 / 12:29 PM / 7 months ago

Pakistan c.bank raises main policy rate to 6 pct - c.bank governor

KARACHI, Pakistan Jan 26 (Reuters) - Pakistan’s central bank raised its main policy interest rate by 25 basis points to 6 percent on Friday, the bank’s governor said, citing the depreciation of the rupee.

Tariq Bajwa said the currency’s depreciation of about 5 percent against the dollar swayed the bank to increase its main policy rate for the first time since May 2016. (Reporting by Syed Raza Hassan; writing by Drazen Jorgic)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below