SBP slashes policy rate 100 basis points to 7%

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Decision reflects Monetary Policy Committee?s view that inflation outlook has improved further, says SBP KARACHI: The State Bank of Pakistan (SBP) has slashed the policy rate once again by another 100 basis points to bring it to 7%, it announced in a statement on Twitter, following a meeting of the Monetary Policy Committee under Governor Dr Reza Baqir.

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