Most Expect Key Interest Rate to Remain Unchanged as Inflation Rises, Oil Prices and Rupee See Mixed Movements
• Survey finds 63% expect key interest rate to remain unchanged, 19% expect 50 basis point cut • Inflation rose to 29.2% in November due to spikes in gas and electricity prices • Oil prices declined over 2% globally due to OPEC+ production cuts and slow manufacturing activity • Pakistan's foreign reserves held by SBP rose $77 million to $7.257 billion • Rupee appreciated against dollar for 4 straight sessions due to rise in reserves