Saturday, 04 January 2025, 11:59:46 am


 
Pakistan’s falling inflation will augment growth: Bloomberg
January 01, 2025

Bloomberg has stated that the decline in Pakistan's inflation rate will further lead to reducing the policy rate and augmenting growth in the country.

Easing price gains and slower-than-expected expansion may prompt the State Bank of Pakistan for further loosen its monetary policy to support growth.

The State Bank has lowered its benchmark rate by 900 basis points since June and some economists expect the key rate to be cut to 12 percent in the first quarter of 2025.

According to the State Bank, contained demand and improved food supplies will lead to a decline in inflation in the next few months.