–SBP says virus has created ‘unique’ challenges for a monetary policy due to its non-economic origin
–MPC says inflation could fall further than expected if economic activity fails to pick up as expected
KARACHI: The State Bank of Pakistan, in a meeting of the Monetary Policy Committee (MPC) on Friday, slashed the country’s policy rate by 100 basis points from 9pc to 8pc.
The MPC said this action was made light of the SBP’s inflation outlook, which has improved given the recent cut in domestic fuel prices.
This is the fourth time in three months that the SBP has slashed the policy rate. …read more
Source:: Pakistan Today