The State Bank of Pakistan (SBP) on Monday slashed its policy rate by 50 bps to 10.5 per cent.
The central bank said that the rate would come into effect from December 16 and added that a detailed statement would be released.
Yousuf M Farooq, the research director at Chase Securities, called the cut “a welcome move”, provided the current account stays contained and the exchange rate can act as a shock absorber if ext
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