Which country's central bank cut its policy rate by 200 basis points to 17.5% in a widely reported earlier decision?
A
India (RBI)
B
Bangladesh Bank
C
Pakistan (State Bank of Pakistan)
D
Sri Lanka Central Bank
Correct Answer: Option C — Pakistan (State Bank of Pakistan)
Explanation:
Pakistan's central bank, the State Bank of Pakistan, previously cut its key policy rate by 200 basis points to 17.5% amid easing inflation a...
Pakistan's central bank, the State Bank of Pakistan, previously cut its key policy rate by 200 basis points to 17.5% amid easing inflation and demand for monetary relief.