Central bank holds benchmark interest rate steady, in line with market expectations as most analysts anticipated no change.
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The State Bank of Pakistan (SBP) has kept its benchmark policy rate unchanged at 11.5%, maintaining its current monetary stance amid evolving economic conditions.
The decision matched market expectations, with an IIS survey showing that 87% of participants had predicted no change in the policy rate, while the remaining 13% expected a 50-basis-point increase.
The central bank’s move signals a cautious approach as policymakers continue to assess inflation trends, economic growth and external sector developments before making any future adjustments to monetary policy.
