SBP further cuts policy rate by 2pc to 9pc amid coronavirus crisis

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KARACHI: The State Bank of Pakistan (SBP) on Thursday further slashed its key interest rate by two per cent (200 basis points) to nine per cent in wake of the worsening outlook for global and domestic economic activity due to the coronavirus pandemic. Over the past one month, the central bank?s key interest rate has seen a cumulative reduction of 4.25

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