Pakistan central bank keeps key rate unchanged at 22%
- Pakistan's central bank kept its key interest rate unchanged on Monday, as expected, and forecast inflation would ease in the months ahead after a sharp jump last month.
However, the bank warned that the outlook for global oil prices had become more uncertain in light of the instability in the Middle East following the outbreak of the Israel-Hamas war. Ahmad has also said that Pakistan's central bank had met key targets set by the IMF ahead of the visit. "Going forward lot will depend on PKR stability and global oil prices along with IMF loan review," he added.
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