Pakistan Inflation Cools, Providing Room for More Rate Cuts

Pakistan’s inflation eased further in August to the lowest in almost three years, giving the central bank room to reduce interest rates further.

Consumer prices rose 9.64% in August from a year ago, according to data released by Pakistan Bureau of Statistics on Monday. That compares with a median estimate for a 9.8% gain in a Bloomberg survey and a 11.09% increase seen in July.

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