Pakistan central bank cuts key rate to 12% amid easing inflation
Pakistan's central bank cut its benchmark interest rate by 100 basis points to 12% on Monday, in line with expectations, as inflation eases and growth looks to set to pick up after 1,000 basis points of rate cuts over the last six months.
Pakistan delivers sixth consecutive rate cut
The decision, which will take effect from January 28, is the sixth consecutive time the State Bank of Pakistan (SBP) has lowered its policy rate since last June. At the time, the policy rate was 22%. The SBP said headline inflation had been falling steadily, reaching 4.1% in December compared with 4.9% the previous month. Its target is 5–7%.
Pakistan's Central Bank Slashes Interest Rates Amid Easing Inflation
Pakistan's central bank cut its benchmark interest rate by 100 basis points to 12% amidst easing inflation and positive growth prospects. This reduction follows a substantial decrease from 22% over six months.
Pakistan central bank cuts key rate by 100 bps
Pakistan's central bank cut its key policy rate by 100 basis points to 12% on Monday, for a sixth straight reduction since June as the country attempts to revive business and economic sentiment amid easing inflation.
Pakistan central bank cuts key rate by 100 bps to 12 per cent
Pakistan’s central bank cut its key policy rate by 100 basis points to 12 per cent on Monday, for a sixth straight reduction since June as the
Pakistan Central Bank Governor Ahmad on Rate Cut
State Bank of Pakistan Governor, Jameel Ahmad, says the central bank can revise policy rates down further, after cutting them to the lowest level in almost three years. He spoke exclusively on "Insight with Haslinda Amin" about his outlook for the economy,
Pakistan central bank likely to deliver sixth straight rate cut to revive economy
Pakistan's central bank is expected to lower its key interest rate by at least 1 percentage point on Monday, analysts said, in its sixth straight cut as it attempts to revive economic and business sentiment as inflation slows sharply.
Pakistan central bank lowers benchmark interest rate to 12%
The State Bank of Pakistan has reduced its benchmark interest rate by 100 basis points to 12%, marking the sixth consecutive meeting where the rate has been cut. The decision was announced by Governor Jameel Ahmad in Karachi on Monday.
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