KARACHI: The State Bank of Pakistan (SBP) has decided to keep its key policy rate unchanged at 11.50% for the next one and a half months, according to a statement issued after the meeting of its Monetary Policy Committee (MPC).
The committee said the decision was taken in view of prevailing domestic economic conditions and continued global uncertainty. It emphasized that maintaining the current stance was necessary given ongoing inflationary pressures and external risks.
During its review, the MPC assessed key economic indicators, inflation trends, and external sector developments. The committee noted that despite hopes for improved stability in the Middle East, a cautious approach was required due to volatility in global crude oil prices, which continue to influence inflation.
According to the SBP, pressures from fluctuating oil prices remain a key driver of inflationary risks, and concerns about price stability have not fully eased.
The central bank reiterated that it will continue to closely monitor economic conditions and adjust policy as needed to ensure macroeconomic stability.
