Pakistan’s central bank kept its benchmark rate unchanged despite the International Monetary Fund calling for further tightening to reduce price pressures.
The State Bank of Pakistan maintained the target rate at 22%, Governor Jameel Ahmad said in a press conference in Karachi on Monday. The move was seen by 17 of 39 economists in a Bloomberg survey, with 22 predicting a hike ranging from 50-100 basis points.
Read More : Pakistan Maintains Rates Unchanged Despite IMF’s Call for Tightening