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A Pakistani trader monitors share prices at the Karachi Stock Exchange Image Credit: Gulf News Archive

Karachi: Pakistan’s central bank kept its benchmark interest rate unchanged for the first time in more than a year after inflation showed signs of steadying following a change in base period.

The target policy rate was kept steady at 13.25 per cent, the State Bank of Pakistan said in a statement on Monday. The decision was predicted by 38 of 43 economists in a Bloomberg survey, while four saw a cut and one predicted an increase.