Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds

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Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds
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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodayKARACHI - Pakistan's central bank is widely expected to hold its key interest rate at a record 22% for the seventh straight policy meeting on Monday as Pakistan gears up for an International Monetary Fund board approval and talks on a longer term programme.

The South Asian nation is seeking a new long-term, larger IMF loan. Pakistan's Finance Minister, Muhammad Aurangzeb, has said Islamabad will begin talks with the fund next month, and could secure a staff-level agreement on the new program by early July. Pakistan's Consumer Price Index for March rose 20.7% from the year before, slowing down partly due to the"base effect", touching a record high of 38% in May 2023.

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