The State Bank of Pakistan (SBP) on June 10, 2024, reduced its policy rate by 150 basis points to 20.5 per cent, the first cut in nearly ____ years.

A. Two
B. Three
C. Four
D. Five

Answer

Correct Answer: C. Four


Detail About MCQs

Official data showed that the Monetary Policy Committee of the SBP decided to cut the policy rate after keeping it at 22 percent for almost 12 months. It is also the first-rate drop in the policy rate in four years, with the previous reduction taking place in June 2020 during the COVID-19 pandemic.

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