Pakistan cenbank leaves key rate unchanged, signals tightening pause

KARACHI, Pakistan :Pakistan's central bank kept its key interest rate unchanged on Monday, in line with market expectations, and signaled that it would pause its tightening cycle as record-high inflation may have peaked.

The committee signaled it was likely done lifting rates for now, but acknowledged that stance was contingent on"effectively addressing the prevailing domestic uncertainty and external vulnerabilities." "This was expected as inflationary pressure are easing ... SBP believes real rates are positive on forward looking basis thus justifying this decision," said Sohail Mohammed, chief executive of brokers Topline Securities."I think that biggest issue is how will Pakistan repay its upcoming 22 billion dollar debt repayment."

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