Central Bank Keeps Policy Rate Unchanged at 11.5%
The committee said inflation expectations stayed anchored as rising oil prices and other external risks kept the outlook cautious.
- On Monday, the Monetary Policy Committee maintained the policy rate unchanged at 11.5%, marking the second consecutive meeting where the State Bank of Pakistan held the benchmark rate steady.
- Prudent fiscal management and anchored inflation expectations support the decision, as the SBP aims to maintain price stability amid gradual economic recovery; the Committee's announcement reflected a cautious approach regarding inflation and external risks.
- First, SBP FX reserves surpassed the end-June 2026 target of $18 billion. Second, Standard and Poor upgraded the sovereign credit rating to 'B', while inflation expectations eased for consumers and businesses.
- According to the Pakistan Bureau of Statistics, August inflation was 11.5 percent. SBP Governor Jameel Ahmed reiterated the bank's commitment to bringing inflation into the 5-7% medium-term target range.
- Risks persist, including potential external shocks and the ongoing conflict in the Middle East, while globally, oil prices have climbed over 7% since the last MPC meeting, reaching around $61 per barrel.
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Geo News
Pakistan Live NewsSBP holds policy rate at 11.5% as Mideast tensions stoke inflation fears
The State Bank of Pakistan on Monday kept its policy rate unchanged at 11.5%, as rising global oil prices and renewed hostilities in the Middle East fuel concerns over inflation.The majority of market participants had...
State Bank holds interest rate steady at 11.5%
F.P. Report KARACHI : The State Bank of Pakistan has announced its latest monetary policy decision, keeping the benchmark interest rate unchanged at 11.5%. The move comes as a key step ahead of upcoming economic review talks with the International Monetary Fund. It marks the second monetary policy announcement of the current fiscal year. The […]
SBP Keeps Policy Rate Unchanged at 11.5% Amid Risks - THE DESTINATION
ISLAMABAD: (Finance Reporter) – The State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 11.5%, as rising global commodity prices and growing geopolitical tensions offset signs of a gradual recovery in domestic economic activity. The Monetary Policy Committee (MPC) approved the decision by a majority of seven out of […]
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