KARACHI: The State Bank of Pakistan (SBP) is expected to announce its new monetary policy today (Monday), according to a source.
As per the central bank, the Monetary Policy Committee meeting will be chaired by Governor Jameel Ahmad. The committee is expected to conduct a thorough review of domestic and international economic conditions, inflation trends, and growth indicators before making its decision.
Experts believe that given the current inflation levels and overall economic outlook, the interest rate is likely to remain unchanged. At present, the policy rate stands at 11 per cent, confirmed the State Bank.
According to SBP’s report, monthly inflation in September 2025 was recorded at 5.6 per cent, while the current account posted a surplus of $110 million during the same month.
In the previous monetary policy announced on September 15, the State Bank had kept the policy rate steady at 11 per cent.
“The Monetary Policy Committee decided to keep the policy rate unchanged at 11 per cent in its meeting held on September 15, 2025,” the SBP stated on its website, adding that a detailed statement would be released soon.
Earlier, many economic analysts had predicted that the policy rate would stay unchanged at 11 per cent due to the ongoing flood situation in the country.
The SBP’s latest figures show that inflation stood at 3 per cent in August 2025, while the current account deficit for July was recorded at $240 million.
Experts say that although inflation has remained relatively stable, the economic challenges caused by floods have limited the possibility of any rate reduction for now.