Hike or hold: SBP to announce policy rate today
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to meet today, i.e. Monday, in its third meeting of the fiscal year 2026-27, to review the key policy rate. At its previous meeting on September 14 , the central bank’s MPC,...
The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 50 basis points (bps) to 12%, in line with market expectations. The decision was taken at the MPC’s third meeting of fiscal year 2026-27. “The inflation outlook deteriorated significantly because of the ongoing geopolitical crisis, including the US-Iran conflict, and other developments in the Middle East,” said Gover...