The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday reduced the key policy rate by 200 basis points to take it down to 13% for a fifth successive cut since June 2024.
Here is a look at how the key interest rate has moved since July 2022, touching a peak of 22% – a record high in Pakistan’s history – to the current level of 13%:
American Dollar Exchange Rate