Uncertainty in Gulf likely to keep policy rate unchanged

Amid escalating uncertainty due to the Gulf war, Pakistan's State Bank is expected to maintain its policy interest rate unchanged during its upcoming monetary policy meeting. The war has led to a spike in global oil prices, surpassing $100 per barrel, which has broad economic implications, particularly for Pakistan. Economists are still evaluating the full impact, but the prevailing view is that altering the benchmark rate isn't warranted at this time, highlighting the delicate balance policymakers must navigate in uncertain times.