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.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dShPOr9