Pakistan's central bank cut its key interest rate by 50 basis points to 10.5% on Monday, breaking a four-meeting hold in a surprise move it said was aimed at supporting sustainable economic growth while keeping inflation within target.  the real policy rate remained sufficient to stabilise inflation over the medium term, underscoring the need for coordinated fiscal and monetary policy and continued structural reforms.according to the bank, inflation averaged within its 5%-7% target range during the July-November period of fiscal year 2026.  the latest reduction takes the total easing since rates peaked at 22% in 2023 to 1,150 basis points. The SBP had delivered 1,100 bps of cuts between June 2024 and May 2025 and then held the rate steady for four meetings before Monday's move. (ICE ISLAMABAD)

Fonte notizia: dawn