Have the Pakistani interest rate hikes already gone high enough to push the economy into a recession? Ironically, in Pakistan, post the central bank reforms, this decision has been rather one sided. For example, Yellen only recently presided over a moot on how high interest rates can go without tipping the US economy into a recession. The decision facing our central bank is how hard to tap the brakes. So, why would the central bank want to hike interest rates?

Source: The Nation April 06, 2022 02:19 UTC