The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday kept the key policy rate unchanged at 11.5 per cent.
The decision comes as prolonged tensions in the Middle East drive up global oil prices and fuel inflation.
Bankers had anticipated a status quo, but some analysts had predicted that the central bank was in a difficult position and would lift the policy rate by 50 points.
Inflation returned to double digits to 11.1pc in August after falling to 9.2pc in July.
The SBP has held the rate steady since raising it by 100 basis points in April in response to rising global energy prices and supply chain risks, its first increase in nearly three years.
After a surprise 50bps cut in December 2025, the central bank had held the rate in January and March.
More to follow
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