The State Bank of Pakistan (SBP) hiked interest rates by a further 100bp on Saturday and made clear in its policy statement that tackling the country’s mounting external imbalances remain its priority. We think further rate hikes are likely before the end of the year. An IMF bailout also looks increasingly unavoidable.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services