Tag: sbp policy rate
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SBP lowers policy rate to 19.5%, citing improved inflation trends
In a move aimed at stimulating economic activity, the State Bank of Pakistan (SBP) has lowered its key policy rate by 100 basis points, bringing it down to 19.5 per cent. SBP Governor Jameel Ahmad announced the rate cut during a press conference on Monday, highlighting that June 2024 inflation figures were slightly better than…