<p>Pakistan's central bank kept its key rate unchanged at 22 per cent on Monday after a scheduled meeting of its monetary policy committee, the bank's governor said at a press conference on Monday.</p>.<p>The meeting was the first since a new $3 billion bailout for the country was approved by the International Monetary Fund (IMF) earlier this month for the ailing economy that was teetering on the brink of a global debt default.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/pak-approves-projects-worth-billions-of-dollars-to-gulf-countries-for-investment-purpose-1242139.html">Pak approves projects worth billions of dollars to Gulf countries for investment purpose</a></strong></p>.<p>The IMF said in its country report following the bailout that the bank must continue with its monetary tightening cycle to tame inflation.</p>.<p>The State Bank of Pakistan (SBP) has raised its key policy rate by 12.25 percentage points since April 2022, to curb soaring inflation. </p>
<p>Pakistan's central bank kept its key rate unchanged at 22 per cent on Monday after a scheduled meeting of its monetary policy committee, the bank's governor said at a press conference on Monday.</p>.<p>The meeting was the first since a new $3 billion bailout for the country was approved by the International Monetary Fund (IMF) earlier this month for the ailing economy that was teetering on the brink of a global debt default.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/pak-approves-projects-worth-billions-of-dollars-to-gulf-countries-for-investment-purpose-1242139.html">Pak approves projects worth billions of dollars to Gulf countries for investment purpose</a></strong></p>.<p>The IMF said in its country report following the bailout that the bank must continue with its monetary tightening cycle to tame inflation.</p>.<p>The State Bank of Pakistan (SBP) has raised its key policy rate by 12.25 percentage points since April 2022, to curb soaring inflation. </p>