Fitch forecasts FY25 inflation at 12%, policy rate at 16%

MG News | June 18, 2024 at 06:10 PM GMT+05:00

0:00

June 18, 2024 (MLN): Fitch Ratings expects inflation and interest costs to decline in tandem, with economic growth and primary surpluses driving government debt/GDP gradually lower.

The rating agency forecasts FY25 inflation at 12%, and the FYE25 policy rate at 16%.

On the other hand, it believes tight policy settings may depress growth more than the government expects, and have reduced its growth forecast to 3.0% for FY25, from 3.5%, despite some improvements in short-term indicators of economic activity.

Copyright Mettis Link News

Related News

Weekly SPI decreases by 0.09%

Pakistan unlocks new growth frontiers in Agriculture, Tourism

Customs seize smuggled vehicles, drugs worth Rs470m

Name	Price/Vol	%Chg/NChg
KSE100	172,400.73 346.40M	0.92% 1570.51
ALLSHR	103,483.96 796.97M	0.55% 561.58
KSE30	52,734.06 184.56M	1.08% 564.57
KMI30	245,565.33 110.97M	1.07% 2605.02
KMIALLSHR	67,233.70 319.67M	0.68% 453.28
BKTi	47,898.10 95.85M	0.98% 462.51
OGTi	33,838.49 13.78M	1.39% 464.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,825.00	90,115.00 86,915.00	75.00 0.09%
BRENT CRUDE	60.80	62.67 60.56	-1.44 -2.31%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.05 1.21%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.93	58.88 56.65	-1.42 -2.43%
SUGAR #11 WORLD	15.17	15.28 15.08	-0.12 -0.78%