Pakistan Holds Key Rate as Floods, Tariffs Add to Risks (1)

Pakistan’s central bank kept its key rate unchanged for a third straight policy meeting, signaling caution as flash floods and US President Donald Trump’s tariffs add to risks.

The State Bank of Pakistan kept the target rate at 11%, according the central bank said Monday. The decision was forecast by a majority of the 38 analysts surveyed by Bloomberg.

“The monetary policy committee assessed that the real policy rate remains adequately positive to stabilize inflation within the medium-term target range,” the central bank said in a statement.

The decision comes as torrential monsoon rains killed more than 900 ...