SBP hikes policy rate to 12%

The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 50 basis points (bps) to 12%, in line with market expectations. The decision was taken at the MPC’s third meeting of fiscal year 2026-27. Previous MPC At its previous meeting on September 14, the central bank’s MPC decided to keep the policy rate unchanged at 11.5%. “The Committee noted that the recent intensification of the prolonged Middle East conflict has led to further increase in already el

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