Pakistan's central bank maintains 22% interest rate amid IMF talks for a $1.1bn tranche.
Pakistan's central bank maintained its record high interest rate at 22% for the sixth straight policy meeting amid talks with the International Monetary Fund (IMF) for a $1.1bn tranche. The State Bank of Pakistan (SBP) said the rate would help bring inflation down to a target range of 5-7% by September 2025. Monday's decision is the last before the expiry of a $3bn standby arrangement with the IMF.
March 18, 2024
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