The State Bank of Pakistan has announced the monetary policy, according to which it has been decided to reduce the interest rate by 1.5%.
According to the statement issued by the State Bank of Pakistan, the interest rate has been reduced by 1.5%, after which the interest rate has been reduced from 22% to 20.5%.
According to the statement, the interest rate has been reduced due to the decrease in inflation, the rate of inflation has been recorded at 11.8% in May.
It should be noted that the interest rate remained at 22% from 25 June 2023.
