Pakistan central bank hikes policy rate by 250 bps to 12.25%

Inflation and an increase in risks to external stability, as well as domestic political uncertainty.

Pakistan's central bank on Thursday raised its policy rate by 250 basis points to 12.25%, the bank said in a statement.

The bank said it raised rates due to a deterioration in the outlook for inflation and an increase in risks to external stability, as well as domestic political uncertainty.

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