SBP Holds Rates Amid Mideast Risks; Oil Slides, US Rate Hike Fears Persist

SBP Holds Rates Amid Mideast Risks; Oil Slides, US Rate Hike Fears Persist

Pakistan's State Bank maintained its policy rate at 11.5%, citing heightened external risks from the Middle East conflict, which had previously spurred a PSX rally on hopes of de-escalation. Globally, oil prices saw a decline, while investor anxiety mounted over potential US interest rate hikes, possibly as early as this week. These factors could introduce volatility to international gold prices and influence the USD/PKR exchange rate in Pakistan.

بحوالہ / Source: www.brecorder.com