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State Bank of Pakistan. Photo: File
The Monetary Policy Committee of the State Bank of Pakistan (SBP) kept the policy rate unchanged at 11.5 per cent on Monday, maintaining a cautious stance amid economic uncertainty.
“The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 per cent in its meeting held on June 15, 2026,” the central bank said in a statement on X.
The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 percent in its meeting held on June 15, 2026.#SBPMonetaryPolicy
— SBP (@StateBank_Pak) June 15, 2026
In April, SBP announced a sharp 100 basis point increase in the policy rate, raising it to 11.5%. Earlier in March, the SBP maintained its policy rate unchanged at 10.5% following 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 bps cut to 10.5% in December 2025), while allowing time to monitor energy price dynamics, domestic inflation trends, and external account resilience.
The SBP emphasised in its previous many PMC statements a balanced approach to safeguarding price stability while nurturing sustainable growth recovery.
This is a developing story.