Pakistan central bank holds key rate at 10.5%, defying expectations
Orientul Mijlociu
KARACHI, Pakistan, Jan 26 : Pakistan's central bank held its key policy rate unchanged at 10.50 per cent on Monday, defying market expectations for further easing as policymakers cited the need to ensure price stability and support sustainable economic growth. The move, announced by central bank chief Jameel Ahmad at a press conference, ran counter to market expectations. A Reuters poll conducted ahead of the meeting had anticipated a 50-basis-point cut, citing easing inflation, stronger
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