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State Bank of Pakistan cuts key policy rate by 150 bps to 12pc

KARACHI : State Bank of Pakistan (SBP) on Saturday cut its key policy rate by 150 basis points to 12 percent for the sub
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By Imad Uddin
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KARACHI: State Bank of Pakistan (SBP) on Saturday cut its key policy rate by 150 basis points to 12 percent for the subsequent two months, SBP said in a statement, again exceeding analysts' expectations.

SBP cut the rate by 50 basis points to 13.5 percent on July 30, also exceeding analysts' expectations.

 

Copyright Reuters, 2011

 

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