The State Bank of Pakistan has decided to keep the policy rate unchanged at 11 percent for the next two months.
The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 11 percent in its meeting today.
The Committee noted that inflation in June 2025 decelerated to 3.2 percent y/y, led mainly by lower food prices, whereas core inflation also declined slightly.
However, the Committee noted that the inflation outlook has somewhat worsened in the wake of higher than anticipated adjustment in energy prices, especially gas tariffs.
Nonetheless, inflation is projected to stabilize in the target range going forward.
