Pakistan Cuts Benchmark Interest Rate to 7.0%... Down 6.25%P Since COVID-19
[Asia Economy Reporter Eunbyeol Kim] Pakistan has once again cut interest rates due to the impact of the novel coronavirus disease (COVID-19).
On the 25th, Bloomberg reported that the State Bank of Pakistan lowered the benchmark interest rate by 1.0 percentage point from 8.0% to 7.0%.
While Pakistan maintained a benchmark interest rate of around 13.25% in January, it has lowered the rate by 6.25 percentage points in five steps since March following the spread of COVID-19.
Hot Picks Today
!["Stock Set to Double: This Company Smiles Every Time a Data Center Is Built [Click e-Stock]"](https://cwcontent.asiae.co.kr/asiaresize/93/2026050416112750184_1777878687.jpg)
"Stock Set to Double: This Company Smiles Every...
- "Is Yours Just Gathering Dust at Home? Millennials & Gen Z Rediscover Digicams O...
- "Continuous Groundwater Pumping Causes Mexico City to Sink 24cm Annually... 'Gia...
- "I Take Full Responsibility"... Seongjae Ahn Issues Direct Apology for 'Wine Swi...
- “She Shouted, ‘The Rope Isn’t Tied!’... Chinese Woman Falls from 168m Cliff ...
The State Bank of Pakistan explained that the benchmark interest rate was cut due to the ongoing domestic economic slowdown and increasing downside risks to the economy.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
