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SBP holds rate on inflation, ME risks
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 11.5 percent, noting that recent domestic macroeconomic developments remained broadly in line with its expectations. Although risks to the inflation outlook have increased significantly, the MPC believes the FY27 inflation outlook remains broadly unchanged from its previous assessment, with inflation expected to gradually ease towards the upper end of the 5 to 7 percent target range by June 2027. “The key risks include volatility in global commodity prices, ma...
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