Pakistan's inflation rate hit a seven-year low of 4.9% in November, prompting hopes for more interest rate cuts.

Pakistan's inflation rate dropped to 4.9% in November 2024, a significant decline from 7.2% in October and the lowest in nearly seven years. This decrease has led to expectations of further interest rate cuts by the State Bank of Pakistan, aiming to boost the economy. Despite the overall drop, prices for some food items have still risen. The central bank is set to review policy rates on December 16.

December 02, 2024
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