The Monetary Policy Committee of the State Bank of Pakistan has decided to maintain interest rate at 11% in a crucial meeting today, which is the fourth consecutive meeting in which there was no reduction or change.
The committee took this decision keeping in mind the current economic environment, inflation trends and the external sector situation.
The SBP has stated that the interest rate is appropriate at this level to control inflation expectations and put the economy on the path of recovery with vigour.
It may be recalled that in May 2025, this committee had reduced the interest rate by 1%, after which it came to 11%.
However, the commercial and industrial circles had demanded that the interest rate be further reduced to 9 percent in view of inflation. In this regard, the President of the Karachi Chamber of Commerce and Industry also made such demands.
In the financial field, this decision also indicates that the central bank is currently giving importance to price stability along with supporting economic growth.
