ISLAMABAD (Kashmir English): The State Bank of Pakistan (SBP) will unveil its new monetary policy today (Monday). The Monetary Policy Committee meeting will be headed by Governor Jameel Ahmad, the central bank said.
The committee will carry out a detailed examination of domestic and international economic conditions, trends in inflation, and growth indicators.
Analysts believe that in light of the prevailing inflation rates and general economic conditions, the interest rate will not change.
Currently, the policy rate is 11 per cent, confirmed the State Bank.
According to the SBP report, September 2025 monthly inflation was 5.6 per cent, while the current account showed a surplus of $110 million for the same month.
In the recent September 15 monetary policy, the State Bank of Pakistan (SBP) left the policy rate unchanged at 11bps.
“The Monetary Policy Committee decided to leave the policy rate unchanged at 11 per cent in its meeting on September 15, 2025,” the SBP announced on its website, stating that a detailed press statement will be issued soon.
Previously, it was presumed by economic analysts that the policy rate would be left at 11 per cent based on the current flood situation in the country.
The SBP’s latest reports indicate that inflation was at 3 per cent in August 2025, whereas the current account deficit for July was at $240 million.
Economists think that although inflation remains stable, the economic woes caused by the floods provide no room for a rate cut.
