{"id":3283,"date":"2024-03-18T12:10:41","date_gmt":"2024-03-18T12:10:41","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/18\/pakistan-central-bank-keeps-interest-rate-at-22-amid-alarming-inflation-surge-times-of-india\/"},"modified":"2024-03-18T12:10:41","modified_gmt":"2024-03-18T12:10:41","slug":"pakistan-central-bank-keeps-interest-rate-at-22-amid-alarming-inflation-surge-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/18\/pakistan-central-bank-keeps-interest-rate-at-22-amid-alarming-inflation-surge-times-of-india\/","title":{"rendered":"Pakistan central bank keeps interest rate at 22% amid alarming inflation surge &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-108588708,imgsize-624847.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Pakistan central bank keeps interest rate at 22% amid alarming inflation surge &#8211; Times of India\" title=\"Pakistan central bank keeps interest rate at 22% amid alarming inflation surge &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: As <!-- -->inflation rates<!-- --> in Pakistan reached an <!-- -->alarming<!-- --> rate of <!-- -->32.89%<!-- --> on Friday, the central bank of Pakistan kept the key interests on hold at <!-- -->22%<!-- --> for the sixth straight term.<br \/>Calling the move an effort to bring the inflation rates down to 5-7% by September 2025, the central bank said, &#8220;Inflation warrants a cautious approach, requires continuity of current monetary stance to bring inflation down to target range of 5 \u2013 7% by Sept 2025&#8221;.<br \/>This comes after the cash-strapped nation witnessed a 1.35 percent increase in weekly inflation, marking a significant development just two weeks after the new government was formed, according to the Sensitive Price Indicator (SPI).<br \/>Data from the statistics department indicates that prices of 18 essential items have risen, while 14 items have experienced a decrease, and 23 products have maintained their prices.<br \/>Additionally, Pakistan has initiated discussions with the international lender regarding the final tranche of USD 1.1 billion under the SBA program, as reported by ARY News. Pakistan is expected to seek a new deal under the 36-month Extended Fund Facility (EFF) during the negotiations. Sources indicate that Pakistan may request a fresh loan program from the IMF in the range of USD 6-8 billion.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n  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