Pakistan's headline inflation slowed to 11.8% in May, marking the lowest in 30 months.
Pakistan's headline inflation slowed to 11.8% in May, according to the Pakistan Bureau of Statistics. This marks the lowest reading in 30 months and is below the finance ministry's projections. The drop in inflation is attributed to tight monetary and fiscal policies, stable rupee, and increased agricultural output. The central bank's Monetary Policy Committee is scheduled to meet on June 10, and experts and markets are expecting a potential interest rate cut.
June 03, 2024
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