State Bank of Pakistan on 25 June 2020 reduced the policy rate to__________?
Correct answer: C. 7%
- A. 5%
- B. 6%
- C. 7%
- D. 8%
Explanation
The State Bank reduced the policy rate by 100 basis points on 25 June 2020, bringing it down from 8% to 7%. This was part of the monetary easing response to the COVID-19 economic shock.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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