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 World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/aXJcVDw

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