Pakistan’s State Bank raised its policy rate by 50 basis points to 12%, the first increase since April. The Monetary Policy Committee said nine of its 10 members supported the move. Inflation remained above target amid high energy costs linked to the Gulf conflict.
WHO:State Bank of Pakistan
WHAT:The State Bank of Pakistan raised its policy rate by 50 basis points to 12%.
WHEN:Oct 26, 2026
WHERE:Pakistan
WHY:The increase came as inflation remained above target amid high energy costs linked to the Gulf conflict.
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