SBP cuts interest rate by 100 basis points to 8%

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State Bank of Pakistan logo. KARACHI: The State Bank of Pakistan on Friday announced that it is slashing the policy rate by 100 basis points to 8%, the fourth cut by the bank within two months. The SBP in a statement said that the Monetary Policy Committee (MPC) in its meeting on 15th May 2020 decided to reduce the policy rate by 100 basis points to 8%.

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