Oct. 8 (Bloomberg) -- Pakistan’s central bank cut interest rates for a second straight meeting to spur investment after terrorism and floods weakened economic growth.
The State Bank of Pakistan lowered the discount rate to 12 percent from 13.5 percent, Syed Wasimuddin, a central bank spokesman, said in Karachi today. Three of five economists in a Bloomberg News survey predicted a percentage point cut while the rest forecast a reduction of half a point.
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