From what record high level has Pakistan's policy rate been cut cumulatively since mid-2024?
A
18%
B
22%
C
20%
D
24%
Correct Answer: Option B — 22%
Explanation:
Pakistan's policy rate has been cut cumulatively from a record high of 22% in mid-2024 through a series of reductions by the State Bank of Pakistan as inflation eased into single digits.