Pakistan Holds Key Rate as Inflation Surges to Two-Year High
- Pakistan’s large scale manufacturing growth intact: analyst
- Government targets to grow at fastest pace in a decade
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Pakistan’s central bank left its benchmark interest rate unchanged for the fifth straight meeting, unfazed as inflation rises at the fastest pace in almost two years.
The State Bank of Pakistan left the target policy rate at 5.75 percent, the central bank said in a statement on its website on Saturday. The move was predicted by all 19 economists in a Bloomberg survey.