The State Bank of Pakistan (SBP) has maintained its policy rate at 11 per cent, it said on Monday.
The central bank’s policy rate, after being slashed by 1,000bps from 22pc since June 2024 in seven intervals, was cut to 11pc in May and has remained unchanged since then.
“The Monetary Policy Committee decided to keep the policy rate unchanged at 11 per cent in its meeting held on September 15, 2025,” the SBP said on its website, adding that a detailed statement will be released shortly.
A recent survey conducted by the Chartered Financial Analyst (CFA) Institute revealed that 92pc of respondents expected the interest rate to remain unchanged, despite trade and industry groups calling for further cuts to stimulate economic activity.
The MPC had kept the rate steady at its last meeting in July, citing potential inflation risks from rising energy prices and geopolitical tensions, even though inflation had been moderating.
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