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Pakistan set to hold rates as Israel-Iran conflict overshadows growth push
KARACHI: Pakistan’s central bank is expected to hold its policy rate on Monday, a Reuters poll showed, as many analysts shifted their previous view of a cut in the wake of Israel’s military strike on Iran, citing inflation risks from rising global commodity prices. Israel said on Friday it targeted nuclear facilities, ballistic missile factories and military commanders in a “preemptive strike” to prevent Tehran from building an atomic weapon. Several brokerages had initially expected a cut but revised their forecasts after the Israeli strikes sparked fears of a broader conflict.
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Pakistan central bank expected to hold policy rate in June 16 meeting – survey
ISLAMABAD: Pakistan’s central bank is likely to keep its benchmark interest rate unchanged at 11 percent in its upcoming monetary policy meeting next week, according to a survey…
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Pakistan set to hold rates as Israel-Iran conflict overshadows growth push
KARACHI: Pakistan’s central bank is expected to hold its policy rate on Monday, a Reuters poll showed, as many analysts shifted their previous view of a cut in the wake of…