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Pakistan Inflation Eases to Two-Year Low After Demand Slump.
In: Bloomberg.com, 2024-04-01, S. N.PAG
Online
serialPeriodical
Zugriff:
Pakistan's inflation rate has decreased for the third consecutive month, reaching its lowest level in almost two years. The slowdown is attributed to high borrowing costs, which have weakened economic growth and domestic demand. The State Bank of Pakistan has kept the benchmark interest rate at a record level to prevent further price increases. Analysts and the Finance Minister expect the central bank to lower borrowing costs as inflation continues to ease. This news brings some relief to Prime Minister Shehbaz Sharif, who aims to stabilize the economy with the assistance of the International Monetary Fund. However, Pakistan still has the highest inflation rate in Asia, with prices for essential items doubling in the past three years. Food costs rose significantly in March, while transport and housing costs also increased. [Extracted from the article]
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Pakistan Inflation Eases to Two-Year Low After Demand Slump.
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Autor/in / Beteiligte Person: | Haider, Kamran |
Zeitschrift: | Bloomberg.com, 2024-04-01, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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