The central bank slashes interest rate by 150bps to 20.5pc after seven sessions
Published a year ago on Jun 10th 2024, 9:35 pm
By Web Desk
Karachi: The State Bank of Pakistan (SBP) has slashed the key policy rate by 150 basis points, taking it from 22 per cent to 20.5pc. The rates will be effective from June 11, 2024.
In its statement, the MPC said that while the significant decline in inflation since February was broadly in line with expectations, the May outturn was better than anticipated earlier.
“The Committee assessed that underlying inflationary pressures are also subsiding amidst tight monetary policy stance, supported by fiscal consolidation.
“This is reflected by continued moderation in core inflation and ease in inflation expectations of both consumers and businesses in the latest surveys.
Independence Day gas schedule announced by SSGC
- 11 گھنٹے قبل
Gold prices continues to plunge in Pakistan, global markets
- 10 گھنٹے قبل
At least 20 dead in shipwreck off Italy’s Lampedusa
- 4 گھنٹے قبل
Moody's ratings upgrades Pakistan's credit ratings to Caa1
- 4 گھنٹے قبل
Tayyaba, Sumbul shine as Pakistan bags six medals in taekwondo
- 10 گھنٹے قبل
Gold prices slip locally and globally
- 8 گھنٹے قبل
How The Fellowship of the Ring explains post-9/11 America
- 10 گھنٹے قبل
Nation set to mark 78th I-Day with grand celebrations, defence exhibition, cultural festivities
- 4 گھنٹے قبل
Preparations in full swing to celebrate I-Day, Marka-e-Haq victory
- 9 گھنٹے قبل
I-Day, Marka-e-Haq celebrations underway in Islamabad
- 4 گھنٹے قبل
ISPR releases patriotic anthem ‘Pakistan Hamesha Zindabad’ on Independence Day
- 10 گھنٹے قبل
Pakistan unveils national AI policy based on six-pillar framework
- 11 گھنٹے قبل
You May Like
Trending
