{"id":3121,"date":"2022-11-25T12:34:08","date_gmt":"2022-11-25T12:34:08","guid":{"rendered":"https:\/\/www.diplomacypakistan.com\/?p=3121"},"modified":"2022-11-25T12:34:08","modified_gmt":"2022-11-25T12:34:08","slug":"monetary-policy-sbp-hikes-interest-rate-to-16-to-curtail-inflation","status":"publish","type":"post","link":"https:\/\/www.diplomacypakistan.com\/?p=3121","title":{"rendered":"Monetary policy: SBP hikes interest rate to 16% to curtail inflation"},"content":{"rendered":"<p>The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) jacked up the key policy rate by 100 basis points to 16%, it was announced on Friday.<br \/>\nThe central bank, in a statement, issued after the meeting said that this decision reflects the MPC\u2019s view that inflationary pressures have proven to be stronger and more persistent than expected.<\/p>\n<p>1\/3 At today\u2019s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 16%. https:\/\/t.co\/E4scWh3Eeo<br \/>\n\u2014 SBP (@StateBank_Pak) November 25, 2022<br \/>\n&#8220;This decision is aimed at ensuring that elevated inflation does not become entrenched and that risks to financial stability are contained, thus paving the way for higher growth on a more sustainable basis,&#8221; the MPC said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) jacked up the key policy rate by 100 basis points to 16%, it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3122,"comment_status":"registered_only","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-3121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/3121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3121"}],"version-history":[{"count":0,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/3121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/media\/3122"}],"wp:attachment":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}