S&P forecasts 450bps policy rate cut by year’s end
ISLAMABAD: With an unexpected decline in monthly inflation below 12 per cent — the lowest in about 30 months — the S&P Global projected an immediate cut in the State Bank of Pakistan (SBP) policy rate by the end of the current month and a decline of cumulative 450 basis points by the end of 2024 from an existing peak of 22pc.
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