SBP reduces key policy rate by 100bps, takes it to 19.5%
KARACHI, July 30, 2024 – In a decisive move to stimulate economic activity, the State Bank of Pakistan (SBP) announced a reduction in its key policy rate by 100 basis points, bringing it down to 19.5 percent. The decision, effective from July 30, 2024, was revealed by SBP Governor Jameel Ahmed following a meeting of…