State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
1726140338-0/Untitled-design-(42)1726140338-0.jpg "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…