Pakistan central bank's MPC cuts key policy rates by 200 bps to 17.5%

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The State Bank in a statement said that the Monetary Policy Committee (MPC) decided to reduce the policy rate by 200 basis points (bps) to 17.5 per cent in its meeting on Thursday.

Pakistan's Central bank on Thursday cut its key policy rate by 200 basis points to 17.5 per cent from 19.5 per cent bowing to demands for a major rate cut.

Inflation in August was at 9.6 per cent, resulting in a positive real interest rate of 10 per cent.

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Category: BusinessFinance

Markets: IndiaPakistan

Topics: Policy rate cut Pakistan inflation Pakistan economy Interest rates Pakistan central bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 23:16:11 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Business Standard

News ID: 22475549

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