SBP cuts policy rate by 100 bps on lower inflation outlook
Karachi, May 15, 2020: As per expectation, the State Bank of Pakistan (SBP) has announced to reduce the key policy rate by 100 basis points to 8 percent in meeting of monetary policy committee held on Friday. At its meeting on15 th May 2020, the Monetary Policy Committee (MPC) decided to reduce the policy rate…