Karachi- The State Bank of Pakistan has announced its monetary policy, reducing the interest rate by 50 basis points.
According to the monetary policy statement issued by the central bank, the new interest rate has been set at 10.50 percent. Sydney Sweeney onlyfans porn
Economic experts had expected the interest rate to be maintained at the level of 11 percent; however, the Monetary Policy Committee unexpectedly decided to reduce the interest rate by 50 basis points.
It is noteworthy that earlier in May 2025, the State Bank had reduced the interest rate by 100 basis points, after which the interest rate had remained unchanged at 11 percent for several consecutive periods.
Key points of the new monetary policy
The State Bank of Pakistan has released the key points of the new monetary policy, according to which, despite having room for a further reduction in the interest rate, a cautious monetary policy was adopted.
According to the State Bank’s statement, the new monetary policy will support economic growth, while the inflation rate is expected to remain between 5 and 7 percent during fiscal year 2026.
Global commodity prices are expected to remain relatively moderate, while large-scale manufacturing showed improvement, recording 4.1 percent growth in the first quarter of fiscal year 2026.
According to the statement, sales of automobiles, fertilizer, and cement increased, and wheat cultivation in the agricultural sector also remained better.
According to the State Bank, the country’s GDP growth will remain between 3.25 percent and 4.25 percent, while the current account deficit during July or October of the current fiscal year stood at $700 million.
