As the US sits relatively insulated from the Hormuz closure, Pakistan surprises markets with a 100bp rate hike to 11.5%.
Probably the right move, but unhelpful for a government that was getting the macro right since 2023
www.bloomberg.com/news/article...
Pakistan’s central bank raised its benchmark interest rate for the first time in almost three years, hiking it more than economists expected, as conflict in the Middle East disrupts energy supplies an...
