The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 11.5 percent, maintaining a cautious stance amid ongoing economic uncertainty. The decision was announced on Monday following the committee's meeting held on June 15, 2026.
“The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 percent in its meeting held on June 15, 2026,” the central bank stated in a post on social media platform X.
This decision follows a sharp 100 basis point increase in April, which raised the rate to 11.5 percent from the previous level of 10.5 percent. In March, the SBP had maintained the rate at 10.5 percent after its meeting on March 9.
The cautious pause in March was seen as support for ongoing macroeconomic stability efforts, building on prior rate reductions, including the 50 basis point cut to 10.5 percent in December 2025. The pause allowed time to monitor energy price dynamics, domestic inflation trends, and external account resilience.
The SBP has consistently emphasized in its previous monetary policy statements a balanced approach aimed at safeguarding price stability while nurturing sustainable economic growth recovery.
