- Central bank expected to start easing cycle after pace slows
- Prices ease after everyday food items double in three years
Pakistan’s inflation pace eased in March for a third month in a row to the lowest in almost two years as record borrowing costs weakened economic growth and domestic demand.
Consumer prices rose 20.68% from a year ago, according to data released by the Pakistan Bureau of Statistics on Monday. That compares with a median estimate for a 20.4% gain in a Bloomberg survey and 23.06% in February.
The slowing momentum is due in part to the base effect of surging inflation last year. It backs the State Bank of Pakistan’s decision to keep the benchmark interest rate at a record for a sixth straight meetin