Govt slashes T-bill rates by up to 41bps
KARACHI: The government again slashed the cut-off yields on treasury bills at the auction on Wednesday, reflecting a higher possibility of another interest rate next week.
The T-bills rates were cut by up to 41 basis points as the government raised the amount within the auction target. The return on a 12-month tenor was reduced by 41bps to 11.38pc compared to 49bps at the auction held on Jan 8, making the total reduction of 90bps this month. The State Bank of Pakistan’s (SBP) policy rate is 13pc, slashed by........
© Dawn Business
