May Overview
Welcome to Trikl's May newsletter! We will be delving into the most recent economic updates from Pakistan. Our aim is to simplify financial management for our investors. Let's get started!
?? The State Bank of Pakistan has reduced the policy rate by 150 basis points to 20.5%, following the CPI's May 2024 release showing inflation easing to 11.8%, the lowest since November 2021. This decline, driven by the base effect and lower food prices, is expected to continue in the coming months.
In the secondary market, Treasury Bill yields have dropped significantly, with rates for 3-month, 6-month, and 12-month maturities now at 20.44%, 20.81%, and 19.92% respectively. Pakistan Investment Bonds also saw decreases, with yields for 3-year and 5-year maturities at 16.59% and 15.39% respectively.
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