Pakistan's central bank cuts policy rate to 19.5 pct amid slightly better inflation

ISLAMABAD, July 29 (Xinhua) -- The State Bank of Pakistan (SBP) on Monday announced to cut the policy rate by 100 basis points (bps) to 19.5 percent amid observing slightly better inflation than anticipated.

The Monetary Policy Committee of the central bank also assessed that the inflationary impact of the current fiscal year's (July 2024 to June 2025) budgetary measures was broadly in line with earlier expectat