SBP reduces policy rate by 50 basis points to 9.5 per cent

BusinessSBP reduces policy rate by 50 basis points to 9.5 per cent

SBP reduces policy rate by 50 basis points to 9.5 per cent

KARACHI, Pakistan: The State Bank of Pakistan (SBP) on Saturday announced monetary policy for two months with reduction in the policy rate by 50 basis points to 9.5 per cent with effect from Monday, says a report published by Radio Pakistan.

   

The decision was taken by the central board of directors of the SBP at its meeting held under the chairmanship of Governor Ashraf Mahmood Wathra in Karachi.

The limited impact of floods and a favorable trend in global commodity prices are the major highlights of the post-September monetary policy decision.

The meeting noted the inflation a came down sharply during the last month.

Must read

Recent News

Modi’s India: Foreign Students beaten up at Gujarat University for offering prayer

0
Five foreign students were beaten up for offering prayer – a religious obligation – in Gujarat University in India’s western Ahmedabad City, an evident...

Double discrimination: Pakistani Dalits struggle for dignity in their land of birth

0
Members of Pakistan’s Scheduled Caste communities are making inroads in the country’s political landscape and being honoured at the highest levels. But without affirmative...

AUD to INR: Australian Dollar to Indian Rupee Today – 19 March 2024

0
The Australian Dollar (AUD) was trading at 54.06 as per the Indian Rupee (INR) on Tuesday. Currently, Indians are now the second-largest migrant group in...

USD to PKR: USD Dollar Rate in Pakistan Today – 19 March 2024

0
The US Dollar (USD) was being bought and sold at Rs 278.8 and Rs 281.4 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 19 March 2024

0
On Tuesday (March 19, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 224,850.000. It's important to note that gold...
Advertisement