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.
Correct answer: C. Four
- A. Two
- B. Three
- C. Four
- D. Five
Explanation
The SBP cut its policy rate by 150 basis points, from 22 percent to 20.5 percent, in June 2024. It was the first reduction after roughly four years of rate increases and restrictive policy.
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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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