Pakistan's central bank has decided to keep its main policy rate unchanged at 22% and expects inflation to ease in the coming months. The decision comes ahead of a visit by the International Monetary Fund to review progress on targets set in a $3 billion bailout programme. The bank warns of uncertainty in global oil prices due to the Israel-Hamas war.
Oct 30 - Pakistan 's central bank kept its key interest rate unchanged on Monday, as expected, and forecast inflation would ease in the months ahead after a sharp jump last month.
However, the bank warned that the outlook for global oil prices had become more uncertain in light of the instability in the Middle East following the outbreak of the Israel-Hamas war. Ahmad has also said that Pakistan's central bank had met key targets set by the IMF ahead of the visit. "Going forward lot will depend on PKR stability and global oil prices along with IMF loan review," he added.
Pakistan Central Bank Interest Rate Inflation IMF Bailout Economy Oil Prices
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