The State Bank of Pakistan (SBP) announced on Monday that the interest rate would stay at 11 percent. Governor Jameel Ahmad revealed this while presenting the new monetary policy, stating that the Monetary Policy Committee (MPC) agreed to keep the rate unchanged.
‘In its meeting on October 27, 2025, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 11 percent,’ announced SBP on social media platform X.
A monetary policy statement released soon after on X pointed out a notable rise in headline inflation to 5.6% in September, but core inflation remained steady at 7.3%.
The MPC observed that the economic impact of recent floods was less severe than expected, with controlled crop losses and minimal supply disruptions. Economic activity has strengthened, bolstered by strong growth in key indicators.
The macroeconomic outlook has improved compared to before, but there are still uncertainties from volatile global commodity prices, export challenges, changing tariffs, and possible domestic food supply issues.
Considering these, and the effects of prior rate cuts, the MPC decided keeping the current rate supports price stability.