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Global Market Update: Pakistan's central bank hikes key rate by 100 bps to 11.5%

Posted on April 27, 2026
By Business News Today
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1 min read

Global Market Update: Pakistan's central bank hikes key rate by 100 bps to 11.5%

Pakistan's central bank raised its key policy rate by 100 basis points to 11.5% on Monday, its first hike in almost three years, as rising oil prices ‌from the Iran-U.S. ⁠war ⁠threatened to push inflation higher in the import-dependent nation.