What has the impact of the interest rate hike been? The inflation hike is outpacing the interest rate hike. As a result, the use of interest rate hikes may not align with the ground realities. The negative impact of the interest rate hike is also likely to significantly affect small and medium-sized businesses. The adverse effects of the recent interest rate hike are likely to be experienced over the coming months and years.

Source: The Express Tribune April 25, 2023 13:51 UTC