Web Desk — October 29, 2025
The State Bank of Pakistan (SBP) has kept the benchmark interest rate unchanged at 11% in its latest monetary policy announcement, signaling confidence in the current economic trajectory.
Governor Jameel Ahmed revealed the decision following a Monetary Policy Committee (MPC) meeting, where members unanimously agreed to maintain the rate.
A pre-announcement survey of financial institutions showed strong consensus: 85% of participants expected no change, with 68% predicting the 11% level would hold through December 2025.
Looking ahead, 46% forecast a drop to 10% by June 2026, while 27% see single-digit rates by then.
The SBP projects average inflation for FY26 between 6% and 7%. The rupee is expected to trade in the 282-285 range against the dollar by year-end.
The next policy review is scheduled for December 15.
