SBP hikes policy rate to 12% on inflation, energy price worries

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. The latest decision marked the SBP’s first rate hike since June 2026 amid inflationary pressures and rising global commodity prices. “The inflation outlook deteriorated significantly because of the ongoing geopolitical crisis, including the US-Iran conflict, an

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