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SBP decreases interest rate further by one percent

Karachi: The monitory policy committee of State Bank of Pakistan (SBP) has lowered an interest rate by one percent further.

Addressing a presser at the SBP headquarter, the Governor SBP Jameel Ahmed said that the policy rate has been reduced to 12 percent from 13 percent.

It is a sixth straight reduction in interest rate since June 2024

Jameel Ahmed said that a monitory policy meeting was held today.

He said that interest rate has been reduced by 100 basis points while interest rate has been decreased to 12 percent from 13 percent.

He said that we have issues in inflation and current accounts but both have been improved at large extent.

The SBP governor said that the inflation has been decreased for few months time.

He apprised that 38 percent inflation from May 2023 has been reduced to 4.1 in December 2024.

He added that current account in first six month of the financial year 2025 has been recorded surplus.