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SBP Reduces Policy Rate Following Positive
SBP Reduces Policy Rate Following Positive
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hellon wood
8 posts
Jan 27, 2025
9:28 PM
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On Monday, the State Bank of Pakistan (SBP) lowered the policy rate by one percentage point, bringing it down from 13% to 12%.
This decision follows the recent meeting of the Monetary Policy Committee, which highlighted significant improvements in key economic indicators, including a sustained current account surplus and a substantial decrease in inflation.
SBP Governor Jameel Ahmad addressed the media after the meeting, explaining that the rate cut was made possible due to positive economic conditions, particularly the current account surplus, which has remained intact for six consecutive months.
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nickniah
34 posts
Jan 28, 2025
10:20 PM
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