Pakistan cenbank holds key policy rate at 11.5%

Pakistan's central bank maintained its key policy rate at 11.50% despite a U.S.-Iran peace agreement, citing inflation concerns and a need for monetary tightening.

Pakistan's central bank ​held its key policy ‌rate at ​11.50% on Monday, its website said, hours after a U.S.-Iran peace agreement that was ‌expected to ease pressure on the country's external account and cool energy prices.

Here are some details from the monetary policy committee statement: