Pakistan holds key rate at 11% as geopolitical tensions stoke inflation risks
Business
ISLAMABAD :Pakistan's central bank kept its key interest rate unchanged at 11 per cent on Monday, in line with expectations, as the conflict between Israel and Iran and volatile global oil prices added upside risks to inflation. The State Bank of Pakistan briefly paused its easing cycle in March after cutting rates by 10 per centage points from a record high of 22 per cent in June 2024. The SBP announced another 100-basis-point cut in May, bringing the key rate to 11 per cent. Eleven out of 14
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