State Bank of Pakistan (SBP) Governor Jameel Ahmed has announced another cut in key policy rate to 19.5% from 20.5% amid decline in the inflation rate.
Addressing the media following Monetary Policy Committee (MPC), the central bank governor said that the decision has been taken amid decline in inflation rate.
SBP Governor Ahmed said the inflation rate has come down to 12.60% from 38% while the external account has continued to improve.
More to follow…