State Bank cuts interest rate by 1 percent

[maxpayne]

KARACHI: The State Bank of Pakistan on Saturday dropped interest rate by 1 percent, bringing it to seven percent, the lowest in the country’s history.

Announcing monitory police, State Bank Governor Ashraf Wathra told journalists that the new policy will be applicable from May 25. .

He said the cut in the interest rate would create opportunities for employment, business and investment.

Applauding the announcement, business fraternity urged the State Bank to instruct commercial banks to release more loans to private sector.


State Bank cuts interest rate by 1 percent | BUSINESS - geo.tv

 

[I FLY HIGH]

very well done,By lowering of interest the business will be more viable and would help to newly planned business houses .

 

[maxpayne]

very well done,By lowering of interest the business will be more viable and would help to newly planned business houses .

Yes. Its 7% now. It will boost business and investment in Pakistan

 

[Fahad Khan 2]

Problem is banks are not cutting there rate....

 

[SBD-3]

Problem is banks are not cutting there rate....

??????????
Bank's rate are linked to the discount rate
lending rate~ target rate
Deposit rate= Floor rate-50bps