WEB DESK: Bloomberg, the prominent American economic publication, has confirmed significant progress in reducing inflation and strengthening Pakistan’s economic policy framework.
In its latest report focusing on Pakistan’s economy, Bloomberg observed that the nation is witnessing improved price control and more effective economic management. The inflation rate for December was recorded at 5.6%, a decline from November’s 6.1%, aligning with projections. Additionally, food inflation has been curtailed, remaining at a modest 3.24%.
The report emphasized that better availability of food supplies has played a key role in stabilizing the market and easing the burden on consumers. The unexpectedly low inflation figures have fostered increased confidence and validated the current policy approach. In response to these developments, the State Bank has kept the policy rate at its lowest point in nearly three years, with a 50 basis point cut indicating that inflationary pressures are under control.
Bloomberg further noted that the reduction in interest rates is likely to create more favorable conditions for business financing and investment. The price stability achieved so far has sent a positive signal to investors, helping to mitigate economic uncertainties.
Moreover, the report highlighted that the easing of inflation has bolstered consumers’ purchasing power and opened up prospects for economic relief. The data for December suggests that government measures are starting to produce visible effects. The ongoing downward trend in inflation points to a solid foundation for medium-term economic stability and improved governance.
