SBP keeps policy rate unchanged at 12.5pc

State Bank of Pakistan kept on Saturday its key policy rate unchanged at 12.5 per cent for February and March, the Governor said, as it fights to sustain growth and keep inflation in check. Governor SBP Syed Salim Raza announced this while addressing a press conference for the announcement of Monetary Policy Statement (MPS) here at SBP head office. The State Bank of Pakistan cut its rate by 50 basis points to 12.5 percent on Nov. 24 after keeping it unchanged at 13 percent in September.

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