
SBP Maintains Policy Rate at 11% as Middle East Conflict Adds Economic Risks
The State Bank of Pakistan (SBP) on Monday decided to keep its benchmark interest rate steady at 11%, balancing inflationary pressures against growing external uncertainties, including the escalating Iran-Israel conflict. The Monetary Policy Committee (MPC) highlighted that while inflation in May aligned with expectations at 3.5% year-on-year, core inflation saw a marginal decline. The central bank warned that global instability, […]