ECONOMY

Pakistan’s central bank holds interest rate at 13.25 percent

The bank last lifted rates in July by 100 basis points. (File photo: AFP)

Pakistan’s central bank held its main policy rate at 13.25 percent on Monday, taking a pause from a series of hikes as data pointed to a stabilizing inflation rate.

The bank last lifted rates in July by 100 basis points, its ninth cut since the start of 2018, as it faced rising inflation, a substantial current account deficits and downward pressure on the rupee currency.

The decision also comes at time of scrutiny for Pakistan’s economy as an International Monetary Fund team arrived in Islamabad on Monday to review progress on reforms agreed as part of bailout package in July.
 

SHOW MORE
Last Update: Monday, 16 September 2019 KSA 15:52 - GMT 12:52
Top
BREAKING NEWS

Send to a friend

Close
Pakistan’s central bank holds interest rate at 13.25 percent
Friend's name:
Friend's Email:
Sender's name:
Sender's Email:
Captcha Code
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed