SBP cuts policy rate by 100 basis points to 12%
The State Bank of Pakistan (SBP) has reduced its policy rate by 1% (100 basis points), bringing it down to 12%. The widely anticipated decision was announced by SBP Governor Jameel Ahmed after a meeting of the Monetary Policy Committee (MPC) in Karachi on Monday. This marks the sixth consecutive rate cut since June 2024, … Read more