Pakistan cenbank raises key rate to 12% as Gulf conflict stokes inflation risks

‌Pakistan's central ​bank raised ‌its key interest rate by ‌50 basis ‌points to 12% on Monday, ⁠its ​first ⁠increase since ⁠April as inflation, ​fuelled by high ⁠energy costs ⁠due ​to the Gulf ⁠conflict, remained ⁠above target.