Pakistan pauses easing cycle after six consecutive rate cuts
Central bank says high core inflation could still drive up overall price levels, despite fall in headline figure
Pakistan’s central bank today (March 10) held its benchmark interest rate at 12%, thereby ending its easing cycle after six consecutive rate cuts.
The State Bank of Pakistan (SBP) said its decision was a consequence of core inflation, which remained elevated despite having fallen recently, and which the bank believed could still drive up inflation more broadly.
Core inflation remained at 7.8% in February, unchanged from January and down from the 8.1% recorded in December. Annual headline inflation
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