KARACHI: The government slashed the cutoff yields on treasury bills by up to 148 basis points on Wednesday, reflecting the recent cut in the interest rate.
The State Bank had announced a 100 basis point cut in the interest rate to 19.5 per cent earlier this month. The decision was taken after inflation fell to 11.1 per cent last month.
Market experts said it was expected that cutoff yields on t-bills would come down further as it remains close to the policy rate.
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