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.
- The Monetary Policy Committee held the policy rate unchanged at 11.5% on Monday, September 14, 2026, marking the second consecutive meeting where the State Bank of Pakistan maintained the benchmark rate.
- Prudent fiscal management and anchored inflation expectations support the decision, as the SBP aims to maintain price stability amid gradual economic recovery; the Committee 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', and third, inflation expectations eased for consumers and businesses in sentiment surveys.
- According to the Pakistan Bureau of Statistics, August inflation stood at 11.5%. SBP Governor Jameel Ahmed reiterated the bank's commitment to bringing inflation into the 5-7% medium-term target range.
- Globally, oil prices have climbed over 7% since the last MPC meeting, reaching around $61 per barrel. Risks persist, including potential external shocks and the ongoing conflict in the Middle East.
12 Articles
12 Articles
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...
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 […]
FPCCI disappointed over SBP keeping policy rate at 11.5%
KARACHI, SEP 13 /DNA/ – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed his disappointment over the State Bank of Pakistan’s decision to maintain the status quo on the key policy rate to keep it unchanged at 11.5% – whereas, trade and industry in the dire […]
Coverage Details
Bias Distribution
- 75% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
