The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) has chosen to hold the key policy rate steady at 11.50 percent for the coming six weeks.
During the session, the committee closely analyzed national inflation, major economic indicators, and how current tensions in the Middle East might influence the domestic economy.
The policy rate decision was announced immediately after the discussions concluded.
Previously, the SBP had also maintained the interest rate at 11.5%, noting that officials were observing the Middle East conflict’s effects on economic growth and inflation.
Monday’s meeting was the first MPC session held under the SBP’s new advance schedule for fiscal year 2026-27. The next announcement is scheduled for September 14.
Furthermore, the central bank is increasing its annual post-MPC press conferences from two to four. The SBP Governor will now hold briefings after key policy meetings in July, October, January, and April.