Tuesday, March 19

Business

Sports

World

View More
  • March 18, 2024
  • 50

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

Pakistan's inflation rate reached an alarming 32.89% on Friday, prompting the central bank to keep key interest rates at 22% for the sixth consecutive term. "Inflation warrants a cautious approach, requires continuity of current monetary stance to bring inflation down to target range of 5 – 7% by Sept 2025", the central bank said....