State Bank Slashes Interest Rate by 2% Amid Declining Inflation

The State Bank has announced a 2% cut in the interest rate.

The country’s central bank has announced a reduction in the interest rate.

The interest rate has been reduced by 200 basis points.

The policy rate has been lowered from 19.5% to 17.5%.

This decision was made after a rapid decline in the inflation rate over the past two months.

Foreign exchange reserves stand at $9.5 billion.

It is worth noting that the business community had demanded a reduction in the interest rate by 3 to

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