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Hike or hold: SBP to announce policy rate today
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to meet today, i.e. Monday, in its third meeting of the fiscal year 2026-27, to review the key policy rate. At its previous meeting on September 14, the central bank’s MPC, in line with market expectations, decided to keep the policy rate unchanged at 11.5%. “The Committee noted that the recent intensification of the prolonged Middle East conflict has led to further increase in already elevated global commodity prices, while supply chain disruptions have persisted,” read the MPC statement. “However, recent dom...
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