In July 2024, the State Bank of Pakistan (SBP) reduced the policy interest rate by 100 basis points to what level?
A17.5%
B20.5%
C19.5%
D18.5%
Explanation
On July 29, 2024, the Monetary Policy Committee of the State Bank of Pakistan reduced the key policy rate by 100 bps to 19.5%.
Exam Relevance
- Topic: International & National Current Affairs (July 2024)
- Subtopic: July 2024
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