Central Banks
Pakistan Cuts Interest Rates to Lowest in Over Two Years
- Inflation to continue easing for the next few months: governor
- Consumer prices to stabilize in target range within 12 months
Pakistan’s inflation eased to the lowest in more than six years in November.
Photographer: Asim Hafeez/BloombergThis article is for subscribers only.
Pakistan cut its benchmark interest rate to the lowest in more than two years as easing inflation provides room for the central bank to boost growth.
The State Bank of Pakistan lowered the target rate by 200 basis points to 13%, the central bank said in a statement Monday. All the 41 economists surveyed by Bloomberg predicted the move, with 26 forecasting the exact measure. Interest rate has dropped to the lowest since April 2022.