Interest rate has been settled at 11 percent
Published 4 months ago on May 5th 2025, 4:12 pm
By Web Desk
(Web Desk): The State Bank of Pakistan (SBP) has cut its key interest rate by 100 basis points, bringing it down to 11%.
The new rate will take effect from May 6, 2025.
According to the Monetary Policy Committee, the decision was made due to a sharp fall in inflation during March and April.
This drop was mainly caused by lower government-set electricity prices and falling food prices. The committee also said that core inflation dropped in April, helped by a favorable base effect and moderate demand in the economy.
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