Paquistão Taxa De Juros

The State Bank of Pakistan cut its key policy rate by 100 bps to 11% at its May meeting, surprising markets that had expected the rate to remain unchanged at 12%. This marks the first rate cut of the year, resuming the easing cycle after a brief pause in March and bringing borrowing costs down from a record high of 22%. The decision comes amid heightened tensions with neighboring India following a deadly attack on tourists in Indian-administered Kashmir. Inflation continued its downward trend, easing for the sixth consecutive month to just 0.3% in April—the lowest rate since August 1968—driven largely by reduced electricity tariffs and sustained declines in food prices. On the growth front, real GDP grew by an estimated 1.7% year-on-year in Q2 FY25, while Q1 growth was revised upward to 1.3% from a previous estimate of 0.9%. Policymakers pledged to maintain a cautious approach to monetary policy amid persistent global uncertainty driven by trade tensions and geopolitical risks.