Monitory Police Committee notes positive economic signals, including an increase in high-frequency indicators of economic activity
Karachi: The State Bank of Pakistan (SBP) announced on Monday a 200 basis points (bps) reduction in its key policy rate, lowering it from 15% to 13%, effective December 17, 2024
This follows a decline in headline inflation to 4.9 per cent year-on-year in November, in line with the central bank’s expectations.
The decision was made at a meeting of the Monetary Policy Committee (MPC), which noted that food inflation and the diminishing effects of last year’s gas tariff hikes contributed significantly to the inflation slowdown.
Giving rationale of the decision, the Committee said the headline inflation declined to 4.9 percent on year on year basis last month.
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