With the conclusion of 2024, what was the total cumulative rate cut by the State Bank of Pakistan across the entire year 2024, dropping interest rates from 22% to 13.0%?
A900 basis points (9.0%)
B700 basis points (7.0%)
C800 basis points (8.0%)
D1000 basis points (10.0%)
Explanation
SBP lowered the interest rate from 22% down to 13.0% through six consecutive cuts in 2024, totaling 900 basis points (9.0 percentage points).
Exam Relevance
- Topic: International & National Current Affairs (December 2024)
- Subtopic: December 2024
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