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Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings
KARACHI: Pakistan’s central bank cut its key interest rate by 50 basis points to 10.5 percent on Monday, the bank said on its website, breaking a hold on the rate for four meetings in a move that surprised analysts and came despite IMF warnings to avoid premature easing. All 12 analysts in a Reuters poll had expected the State Bank of Pakistan (SBP) to hold the policy rate at 11 percent.
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dawn.com
Central bank slashes policy rate by 50 bps to 10.5pc
The last reduction in the policy rate came in May. Since then, the benchmark rate has held at 11 per cent.
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arabnews.com
Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings
KARACHI: Pakistan’s central bank cut its key interest rate by 50 basis points to 10.5 percent on Monday, the bank said on its website, breaking a hold on the rate for four…
