KARACHI: The SBP has proclaimed on Thursday (12th September, 2024) that the Monetary Policy Committee (MPC) has slashed the key policy rate by 200bps to 17.5%.
As for the inflation, SBP stated: “The pace of this disinflation has somewhat exceeded the Committee’s earlier expectations, mainly due to the delay in the implementation of planned increases in administered energy prices and favourable movement in global oil and food price.,”
The new policy rate will be effective from Friday (13th day of Sept, 2024).
Newspakistan.tv
