Pakistan Holds Key Rate as US, Iran Near Interim Deal (opens original article in a new tab)

Pakistan maintained its key interest rate at 11.5% amid ongoing inflation concerns linked to Middle East tensions, while expecting gradual inflation reduction and 4% economic growth next year.

• Pakistan's central bank kept benchmark interest rate at 11.5% as predicted by most analysts
• Inflation remains in double digits but is expected to ease gradually over time
• US-Iran interim deal may reduce Middle East conflict risks affecting Pakistan's economy
• Economic growth projected at 4% for next year with inflation easing to 8.2%