Pakistan's central bank cut its benchmark interest rate by 100 basis points to 12% on Monday, in line with expectations, as inflation eases and growth looks to set to pick up after 1,000 basis points of rate cuts over the last six months.

Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 45%. The decision on Thursday marked the second rate cut in a row and came as inflation slowed.

Pakistan's central bank cut its key policy rate by 100 basis points to 12% on Monday, for a sixth straight reduction since June as the country attempts to revive business and economic sentiment amid easing inflation.

The Philippine peso is veering toward an all-time low as the nation’s central bank plans to cut interest rates further in the face of slowing economic growth.

MOSCOW (Reuters) - Russian companies surveyed by the central bank expect inflation in 2025 of 10.7%, more than double the official forecast, and named labour shortages as one of the main factors stopping them expanding production, the central bank said on Friday.

Turkey's central bank has made a noteworthy move by cutting its interest rate for the second time in a row. This decision comes in the wake of a more significant than anticipated slowdown in headline inflation in December.