SBP Policy Rate Hike Expected to 12% Ahead of Monday Meeting

The SBP policy rate has stood at 11.5% since April, and a 50 basis point rise would lift it to 12% at the October 26 meeting.

The SBP policy rate is likely to rise by 50 basis points, to 12%, at the Monday, October 26 meeting, reports say.

The rate has been held at 11.5% since a hike in April.

Headline inflation rose to 11.1% in August from 9.2% in July, well above the 5-7% target.

Economic activity grew 2.8% in 3Q26 after a 0.6% contraction in 2Q26.

The Monetary Policy Committee expects inflation to ease toward the upper end of the target by June 2027, but says risks have increased.

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