Analysts predict a possible interest rate cut of at least 200 basis points as the State Bank of Pakistan gets ready for its November 4 meeting of the Monetary Policy Committee (MPC).
Reducing inflationary pressures is a major factor in this assumption; according to a recent Topline Securities survey, 85% of participants predict a minimum drop of 200 basis points.
According to the survey, 63% of these experts anticipate a 200 basis point cut, and 30% anticipate a 250 basis point drop. Merely 8% forecast a reduction of more than 250 basis points.
The planned reduction are a result of a sharp decline in the inflation rate, which was 6.9% in September 2024 and is predicted to stay between 6.5% and 7.0% in October, according to analysts.
