State Bank Keeps Policy Rate Unchanged at 11.5%

KARACHI: The State Bank of Pakistan has maintained the policy rate at 11.50 percent, keeping the benchmark interest rate unchanged in its latest monetary policy decision.

The decision was taken at a meeting of the Monetary Policy Committee chaired by Governor Jameel Ahmad. The committee reviewed the country’s overall inflation situation, key economic indicators and the potential impact of ongoing tensions in the Middle East on Pakistan’s economy.

The central bank had previously kept the policy rate at 11.5 percent since April 27. The latest decision means the rate will remain at the same level for the next one-and-a-half months.

The Monetary Policy Committee considered various domestic and external economic factors before deciding to maintain the existing monetary policy stance.

The decision comes amid continued attention to inflationary pressures and economic conditions, while uncertainty linked to regional tensions remains a concern for Pakistan’s economy.