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SBP cuts interest rates again, how much is left? Important news for Pakistanis

SBP cuts interest rates again, how much is left? Important news for Pakistanis

KARACHI: The State Bank of Pakistan (SBP) has once again slashed interest rates by one per cent, announcing monetary policy, after which interest rates hit a 19-month low.

According to the details, the State Bank of Pakistan (SBP) has announced a new monetary policy in a major decision to support business activities across the country. Is done

The interest rate has come down to a 19-month low after the SBP cut the base rate by one per cent. Since March 2020, interest rates have been cut by 5.25%.


It may be recalled that on April 16 last month, the State Bank of Pakistan had taken a major decision to reduce the interest rate by two percent. The percentage was announced after which the investors appealed to the government to reduce the interest rate. Meanwhile, the country's economy was facing difficulties due to the corona virus across the country. Pakistan had announced a 0.75% cut in interest rates on March 17. After which the interest rate was 12.50%.

Exactly one week later, the State Bank of Pakistan once again slashed interest rates by 1.5 per cent, reaching 11 per cent on March 24. One month after the announcement of the monetary policy, the SBP In a short span of time, it has once again cut interest rates by 2%, after which the single digit rate came down to 9%.

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