BOJ hikes rates to 1%; US Fed holds
Jun 17, 2026
Pakistan central bank raises rates amid energy shock; US Fed, RBNZ hold
State Bank of Pakistan announces second rate rise of 2026 as the Middle East conflict remains unresolved; meanwhile, New Zealand’s central bank held rates, as has the US Fed.
The State Bank of Pakistan (SBP) raised its policy rate by 50 basis points (bps) to 12% on October 26, citing the ongoing Middle East conflict and persistently high global commodity prices.
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.jpg&c=1&h=180&q=80&v=20261029&w=320 "US Fed hikes rates 0.25%; Bank of Japan follows")