The State Bank of Pakistan (SBP) is set to announce its new monetary policy following a detailed review by the Monetary Policy Committee (MPC). The committee will be chaired by Governor Jameel Ahmad and will examine domestic and global economic conditions.
Experts predict that the interest rate is likely to remain unchanged at 11 percent. The central bank has kept the rate steady in its previous four policy announcements. Analysts say this decision aligns with current inflation levels and overall economic conditions.
According to the SBP, monthly inflation in November 2025 stood at 6.1 percent. Meanwhile, the country’s current account deficit recorded $733 million from July to October. These indicators are expected to play a key role in shaping the new monetary policy.
The MPC will also review growth trends, fiscal measures, and global economic developments. The central bank’s earlier statement highlighted that the interest rate was kept unchanged due to existing inflation levels and the recent floods affecting various regions.
Economists say the new monetary policy aims to balance inflation control with economic growth. “Maintaining the policy rate at 11 percent is prudent given the current economic scenario,” noted one financial expert.
The SBP has emphasized that the new monetary policy will continue to focus on financial stability, credit growth, and supporting business activities. Policymakers are also expected to consider external factors such as global commodity prices and currency fluctuations.
The upcoming announcement is closely watched by investors, businesses, and households. Any changes in the new monetary policy could impact borrowing costs, loan interest rates, and overall economic confidence.
The central bank’s cautious approach reflects efforts to stabilize the economy while responding to recent challenges. As Pakistan navigates inflationary pressures and fiscal constraints, the new monetary policy is expected to provide a steady framework for sustainable growth.
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