Pakistan Holds Key Rate for First Time in a Year

PAKISTAN UNEXPECTEDLY HELD its benchmark rate for the first time in almost a year, with policymakers flagging risks to inflation from global trade disruptions and volatile food prices.

- BLOOMBERG

The State Bank of Pakistan left the target rate at 12%, the central bank said in a statement. Only seven out of the 35 analysts surveyed by Bloomberg predicted the move, with the rest forecasting a cut.