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Pakistan's central bank is widely expected to hold its key rate at 22% for the fifth policy meeting in a row on Monday, though an expected easing of inflation could leave the door open for rate cuts in the future, analysts said. It also comes in the midst of Pakistan's $3 billion Standby Arrangement (SBA) with the International Monetary Fund (IMF). Nine out of 10 analysts polled by Reuters predicted the State Bank of Pakistan (SBP) would keep interest rates unchanged on Monday, with one analyst predicting a 50 basis point (bps) cut.
Pakistan s central bank is widely expected to hold its key rate at 22% for the fifth policy meeting in a row on Monday, though an expected easing of inflation could leave the door open for rate. -January 26, 2024 at 12:16 am EST
- MarketScreener
KARACHI, Pakistan : Pakistan's central bank looks set to raise its key interest rate by 200 basis points to a record high of 22 per cent at its review on April 4, as it struggles to bring down stubborn inflation, the median estimate in a Reuters Poll showed. Eighteen out of 20 economists and market watch