Analysts expect Pakistan's central bank to hold interest rate

reuters.com

Pakistan's central bank is expected to hold its key interest rate at 12% on Monday, according to a Reuters poll, due to geopolitical tensions and inflation concerns. A poll of analysts and investors revealed that a majority anticipate the State Bank of Pakistan will maintain its current rate, following a pause in March after previous cuts. The decision comes amid heightened tensions with India and uncertainty about inflation. The central bank's Monetary Policy Committee will also consider an upcoming IMF review of a $7 billion bailout program and the need to increase foreign exchange reserves before resuming rate cuts to stimulate economic growth.


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