Pakistan central bank cuts key rate by 200 basis points to 13%

South Asian country continues efforts to revive sluggish economy

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The latest monetary policy easing brings the country's total interest rate reduction to 9 percentage points since June. © Reuters

KARACHI (Reuters) -- Pakistan's central bank cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June as the country keeps up efforts to revive a sluggish economy with inflation easing.

Pakistan's latest move makes this year's cuts the most aggressive among emerging market central banks in the current easing cycle, barring outliers such as Argentina.

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