ISLAMABAD: Citing a drop in both average and core inflation, Finance Minister Muhammad Aurangzeb said on Wednesday that there was potential for a further cut in Pakistan’s policy rate during the current calendar year.
The policy rate is currently 11%. I always take great care to ensure that the central bank, the State Bank of Pakistan, and the Monetary Policy Committee have full control over the policy rate and the market-based exchange rate,” Aurangzeb stated.
Nevertheless, in light of the current inflation, whether it is core inflation or average inflation, I am expressing my personal opinion here.
