IGI Securities Limited – Investor Kit – Top News (26-06-2020)

Karachi, June 26, 2020 (PPI-OT): SBP cuts policy rate by 100bps to 7 percent

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), in its emergent meeting held on Thursday, decided to further cut the key policy rate by 100 basis points (bps) to 7 percent aimed to address the domestic economic slowdown due to the Covid-19 pandemic.

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