Karachi: The State Bank of Pakistan (SBP) has announced its new monetary policy, reducing the central bank’s interest rate from 11% to 10.5%, marking a decrease of 50 basis points.
According to the bank, the decision aims to improve liquidity in the financial system, promote investment, and maintain stability in the economy. The new interest rate is expected to reduce the cost of loans, potentially boosting business activities.
The State Bank further stated that this move will help control inflation and stabilize the overall growth of the national economy, while also improving financial access for consumers and investors.
