Several Central Banks Deterred from Cutting Interest Rates by Geopolitical Strains and Tariff Policy Uncertainty

The policy interest rate of the State Bank of Pakistan was maintained at 11.0%. That’s just half of the 22.0% peak level during the 12 months ending in June 2024 but still twice the 5.75% low touched in 2016. Pakistani CPI inflation last month was at 3.5%, below the central bank’s target and in line […]

* This article was originally published here