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巴基斯坦的通胀率低于市场上个月预期的水平。事情是这样的——当价格压力像这样减轻时,中央银行就有了喘息的空间,实际上可以采取措施促进增长。货币当局毫不犹豫地采取行动。他们现在将政策利率削减到三年来未见的水平。这里的策略非常简单:通胀放缓 + 低借贷成本 = 经济中的资金流动增加。这一举措表明他们正从应对失控的价格转向向系统注入刺激。值得关注的是,这将如何逐步传导到更广泛的市场动态中。