Pakistan central bank surprises with hold on key policy rate

Quick Summary:

KARACHI :Pakistan's central bank held its key policy rate at 12 per cent on Monday, it said in a statement, a widely unexpected move which halted an easing cycle that witnessed six straight reductions since June.

That was below the government's forecast and significantly lower than a multi-decade high of around 40 per cent in May 2023.

Analysts surveyed said they expect inflation may pick up in May as the base year effect wears off.

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Category: EconomyBusiness

Markets: SingaporePakistan

Topics: 2024 Policy Central June Rate Cent Growth Statement Karachi Pakistan Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 19:10:27 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26821497

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