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The State Bank of Pakistan cut the benchmark interest rate by 100 basis points (bps) or one percentage point to 12% on Monday.
The cut, which is the sixth in a row, was in line with expectations - a survey of over a dozen brokerage houses conducted by Nukta last week revealed that all participants anticipate a 100bps cut.
Watch the full video as Nukta’s Shuja Qureshi discusses the latest monetary policy statement with Shahbaz Ashraf, CIO FRIM Ventures.
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