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

New airline South Air brings first aircraft to Pakistan

Qatar LNG carrier crosses Strait of Hormuz, heads to Pakistan

Key Pakistan Market Stats and Economic Indicators

Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,745.00	81,980.00 80,875.00	1360.00 1.69%
BRENT CRUDE	103.90	104.80 103.82	2.61 2.58%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-5.00 -4.35%
ROTTERDAM COAL MONTHLY	107.10	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.89	98.85 97.65	2.47 2.59%
SUGAR #11 WORLD	14.69	14.75 14.46	0.15 1.03%