Pakistan Surprises Markets with Inaction on Interest Rates After Nearly a Year of Hikes

In a surprising turn of events, Pakistan's central bank has decided to maintain its key interest rate at 21%, marking the first time in nearly a year that it has not raised rates. This unexpected decision comes during a time of economic stabilization efforts in the South Asian nation, countering expectations of further tightening due to rising inflation and currency pressures.

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Pakistan's Central Bank Reduces Interest Rates for the Fourth Consecutive Time to Stimulate Economic Recovery

In a strategic move to bolster economic growth, Pakistan's central bank has announced a reduction in interest rates for the fourth consecutive time. This decision is part of a broader effort to navigate through ongoing economic challenges and promote recovery in the wake of significant inflationary pressures.

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