SBP policy rate at 11.5pc as experts push for 50bps rise
With CPI at 10.2% in the first quarter of FY27 and oil import costs rising, bankers lean toward a 50bps move while industry groups want rates cut to single digits.
The SBP Monetary Policy Committee is due to meet on Monday with the policy rate at 11.5%.
Many financial experts expect a 50bps rise; some bankers say 100bps is needed to curb inflation.
CPI inflation was 10.2% in the first quarter of FY27, up from 4.3% a year earlier.
Costly oil imports linked to Middle East conflict are cited as a key inflation risk.
Trade bodies including KATI and SITE want rates brought down to single digits.