State Bank of Pakistan decrease interest rate in new monetary policy

State Bank of Pakistan decrease interest rate in new monetary policy.

It announced monetary policy on Tuesday.

According to new monetary policy, the interest rate has been decreased by 75 basis points from 13.25 to 12.50.

In its press release, SBP said that economic and health challenges posed by the spread of COVID-19 and the global economy is also slowdown due to the outbreak of Coronavirus.