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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