Pakistan's central bank cuts policy rate by 100 bps to 19.5% to support economic growth.
Pakistan's central bank cuts its policy rate by 100 basis points (bps) to 19.5% amid slightly better inflation than anticipated. The State Bank of Pakistan (SBP) believes there is room to further reduce the policy rate in a calibrated manner to support economic activity while keeping inflationary pressures in check. The decision comes as a measure to support economic growth, with the central bank optimistic about further improvements in economic indicators.
July 28, 2024
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