Continue practising this MCQ topic
Use these links to review the full topic, start a timed quiz, or open the exam hub connected with this question.
Related Current Affairs MCQs
View allAnswer and explanation
Correct Answer: C: 11.5%
Explanation: The State Bank of Pakistan raised its benchmark policy rate by 100 basis points to 11.5% on April 27, 2026, the first rate hike since June 2023, surprising analysts who had expected it to remain at 10.5%. The hike was driven by heightened economic uncertainty, volatile global oil prices linked to the US-Iran war, and rising inflation. Pakistan's inflation had risen to 7.3% in March 2026, breaching the SBP's 5–7% target range. The Monetary Policy Committee stated that a tighter stance was needed to anchor inflation expectations and contain the second-round effects of the supply shock
Continue practice
More Current Affairs MCQs with answers
Use these links to review related questions, practise the full topic, or open the exam preparation pages connected with this MCQ.
Related questions
- Which article of the Constitution of Pakistan deals with high treason?
- Which Pakistani province is known as the “Fruit Basket of Pakistan”?
- Who is the current Foreign Secretary of Pakistan?
- Tarbela Hydel Power Station contributed how much electricity to Pakistan's national grid, according to reports of May 18, 2026?
- Which constitutional amendment restored parliamentary supremacy in Pakistan?
- Who is the current Chairman of the Council of Islamic Ideology (CII) of Pakistan?