Inflation Hits Six-Year Low, Policy Rate Expectations Rise

In a significant development, the inflation rate in the country has slowed down to a six-year low, with the rate standing at 4.9%. This decrease in inflation rate has led to a rise in expectations for a big policy rate cut. The State Bank of Pakistan's Monetary Policy Committee is set to meet on December 16, and market analysts are anticipating a reduction in the nominal policy rate, which currently stands at 15%. The decrease in inflation rate is a positive sign for the economy, and a policy rate cut would further boost economic growth. The move is expected to have a positive impact on the country's GDP and overall economic stability.