200bps

In a massive cut, SBP reduces key policy rate by 200bps to 17.5% D_Trends

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In a massive cut, SBP reduces key policy rate by 200bps to 17.5% D_Trends

State Bank of Pakistan building in this undated image. — AFP/File The Monetary Policy Committee (MPC) slashed the key policy rate by 200bps to 17.5% from the existing 19.5%, the State Bank of Pakistan (SBP) announced on Thursday, as inflation eased to the first single-digit figure in nearly three years.  The new policy rate will be effective … Read more

SBP slashes key policy rate by 200bps to 17.5%  D_Trends

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SBP slashes key policy rate by 200bps to 17.5%  D_Trends

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to cut the policy rate by 200 bps to 17.5 percent, effective from September 13, 2024.  This is the most aggressive reduction in the key policy rate since April 2020.  MPC said in its statement that both headline and core inflation … Read more