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State Bank of Pakistan upward revised policy rate on 20th September 2021 from 7% to 7.5%. What are the possible economic implications of this upward

State Bank of Pakistan upward revised policy rate on 20th September 2021 from 7% to 7.5%. What are the possible economic implications of this upward revision of the rate? Your answer should be based on research, real data and critical appraisal of the current economic situation of Pakistan and its credit rating, foreign debt, reserves, and financial needs. Also remember, that Pakistans one of the foreign currency bonds will mature in October 2021 and government has to make arrangements of $1b.

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