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Pak cenbank keeps interest rate at 22% amid alarming inflation surge

Pak cenbank keeps interest rate at 22% amid alarming inflation surge

msid 108588708,imgsize 624847 Pak cenbank keeps interest rate at 22% amid alarming inflation surge

NEW DELHI: As inflation rates in Pakistan reached an alarming rate of 32.89% on Friday, the central bank of Pakistan kept the key interests on hold at 22% for the sixth straight term.
Calling the move an effort to bring the inflation rates down to 5-7% by September 2025, the central bank said, “Inflation warrants a cautious approach, requires continuity of current monetary stance to bring inflation down to target range of 5 – 7% by Sept 2025”.
This comes after the cash-strapped nation…


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