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Tag: current account deficit

State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune

Posted on September 12, 2024 By Admin No Comments on State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune

The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to falling…

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