The decision was in line with market expectations, which anticipated the central bank to raise the rates in the wake of escalating geopolitical tensions in the Middle Eastn
Published 5 hours ago on Apr 27th 2026, 4:19 pm
By Web Desk
Karachi: The State Bank of Pakistan (SBP) decided on Monday to enhance the policy rate by 100 basis points (bps) to 11.50% in its third Monetary Policy Committee (MPC) meeting of 2026.
The decision was in line with market expectations, which anticipated the central bank to raise the rates in the wake of escalating geopolitical tensions in the Middle East, which have swelled energy prices, raising fears of a new wave of inflation.
At its previous meeting on March 9, 2026, the MPC, in line with market expectations, kept its benchmark policy rate unchanged at 10.5%.
The Monetary Policy Committee decided to raise the policy rate by 100 basis points to 11.50% w.e.f 28-Apr-2026 in its meeting held on 27-Apr-2026.
— SBP (@StateBank_Pak) April 27, 2026
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