Fitch forecasts FY25 inflation at 12%, policy rate at 16%
MG News | June 18, 2024 at 06:10 PM GMT+05:00
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.
Read more: Budget FY25 targets deficit reduction, supporting IMF prospects
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 148,743.32 232.74M | 1.29% 1900.34 |
| ALLSHR | 89,074.97 432.50M | 1.26% 1107.38 |
| KSE30 | 45,031.60 99.89M | 1.35% 600.19 |
| KMI30 | 216,075.56 75.58M | 1.56% 3321.53 |
| KMIALLSHR | 58,342.49 204.46M | 1.47% 844.48 |
| BKTi | 40,694.56 42.04M | 1.52% 608.89 |
| OGTi | 31,278.90 11.43M | 2.01% 615.13 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 67,105.00 | 68,755.00 66,125.00 | 430.00 0.64% |
| BRENT CRUDE | 107.29 | 109.99 104.72 | -0.10 -0.09% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 0.95 0.85% |
| ROTTERDAM COAL MONTHLY | 119.50 | 119.50 119.00 | -2.40 -1.97% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 102.79 | 106.86 100.83 | -0.09 -0.09% |
| SUGAR #11 WORLD | 15.46 | 15.58 15.12 | -0.09 -0.58% |
Chart of the Day
Latest News
Top 5 things to watch in this week
SBP Interventions in Interbank FX Market
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()