Pakistan central bank set to deliver fourth consecutive rate cut to revive economy

Quick Summary:

KARACHI : Pakistan's central bank is expected to cut its key interest rate further at its policy meeting on Monday, with policymakers continuing their efforts to revive a fragile economy as inflation eases off recent record highs.

The finance ministry expects inflation to slow further to 5.5-6.5 per cent in November.

Inflation for October clocked in at 7.2 per cent, slightly above the government's expectation of 6-7 per cent.

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Article Details

Category: EconomyBusiness

Markets: SingaporePakistan

Topics: 2024 Pakistan Rates Economy Central Rate Policy Inflation June Cent Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 15:56:36 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23362785

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