PAKISTAN CENTRAL BANK CUTS KEY POLICY RATE BY 200 BPS TO 13% - STATEMENT
KARACHI, Dec 16 (Reuters) -Pakistan's central bank cut its key policy rate by 200 basis points to 13%on Monday, it said in a statement, for a fifth straight reduction since June as the country keeps up efforts to revive a sluggish economy with inflation easing.
All 12 analysts surveyed by Reuters expected a 200 bps cut.
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.
Reporting by Ariba Shahid in Karachi; Editing by YP Rajesh
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