The central bank slashes interest rate by 150bps to 20.5pc after seven sessions
Published 9 months ago on Jun 10th 2024, 4:35 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.
TTP camps destroyed in Khyber Pakhtunkhwa during police operation
- 8 گھنٹے قبل
Over 220 health facilities at risk of closure in Afghanistan, says WHO
- 3 گھنٹے قبل
Three Khawarij militants killed in Khyber District operation: ISPR
- 2 گھنٹے قبل
Weekend US tornadoes leave at least 40 dead
- 7 گھنٹے قبل
Cricketer Junaid Zafar Khan dies of medical emergency during hot Adelaide match
- 3 گھنٹے قبل
Pakistan, WB reaffirm commitment to economic reforms and sustainable development
- 3 گھنٹے قبل
Trump administration begins mass layoffs at Voice of America and US-funded media outlets
- 4 گھنٹے قبل
Houthis launch twin attacks on USS Harry Truman
- 7 گھنٹے قبل
Gold glitters, historic high in Pakistan
- 8 گھنٹے قبل
PTI to participate in National Security Committee meeting
- 3 گھنٹے قبل
Five family members of SHO injured in grenade attack in Khuzdar
- 5 گھنٹے قبل
Pakistan's tallest man, Nasir Soomro, passes away in Shikarpur
- 3 گھنٹے قبل
You May Like
Trending
