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business Updated 13–15 Sep 2026

SBP keeps policy rate unchanged at 11.5% amid inflation and Middle East risks

11.5% Policy rate, 14 Sep 2026

8 of 15 outlets published this figure — all eight agreed

HarZaviya summary · from 15 outlets

Most outlets led with the State Bank of Pakistan’s decision to maintain the policy rate at 11.5%, with several also noting inflation concerns and rising oil prices as key factors. Some, like Daily Pakistan (English) and Pakistan Observer, highlighted the role of oil prices in fueling inflation fears, while others, such as Geo News and Business Recorder, emphasized the impact of Middle East tensions. A few, like ProPakistani and Profit, mentioned that this was the third or sixth consecutive meeting with no rate change. Overall, the framing was consistent in reporting the unchanged rate, but the emphasis on specific economic risks varied slightly across the coverage.

Summary generated by HarZaviya from the headlines and excerpts of the 15 outlets below. Each outlet's own headline is listed under it.

How it developed

18 articles · 16 outlets

Mon
11.5%

SBP keeps policy rate unchanged at 11.5% amid inflation and Middle East risks

15 outlets
Policy rate 11.5% 8 of 15 outlets published this figure — all eight agreed

8 outlets of the 15 covering this published a figure, and they all reported the same number. The others did not give one.

Figures as reported by Pakistani outlets. HarZaviya is not a price source.

  1. Business Recorder Policy rate 11.5%

    SBP holds rate on inflation, ME risks

    KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 11.5 percent, noting that recent domestic macroeconomic developments remained broadly in line with its expectations. Although risks to the inflation outlook have increased significantly, the MPC believes the FY27 inflation outlook remains broadly unchanged from...

  2. The Nation 81% identical Policy rate 11.5%

    SBP keeps policy rate unchanged at 11.5pc

    ISLAMABAD - The Monetary Policy Committee (MPC) of the SBP has decided to keep the policy rate unchanged at 11.

  3. Aaj News (English) 83% identical Policy rate 11.5%

    SBP keeps policy rate unchanged at 11.5%

    The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC), in its second meeting in the fiscal year 2026-27, decided to keep the policy rate unchanged at 11.5%. The MPC met for the sixth time this calendar year. The decision was in line with market expectations. The SBP has held the rate steady since raising it by 100 basis points in April, its first increase in nearly three years, after...

  4. Profit 81% identical

    SBP keeps policy rate unchanged at 11.5% amid Middle East risks

    MPC holds rates for sixth time this year, saying current monetary policy stance remains appropriate to steer inflation towards the 5-7% medium-term target

  5. Minute Mirror 75% identical Policy rate 11.5%

    SBP keeps policy rate unchanged at 11.5pc

    The State Bank of Pakistan (SBP) has decided to maintain its key policy rate at 11.5 per cent, keeping borrowing costs

  6. ARY News (English) 74% identical

    Monetary policy: SBP retains interest rate 11.5 percent

    The central bank announced the monetary policy after its Monetary Policy Committee (MPC) unanimously decided to retain the...

  7. Pakistan Observer 81% identical

    Monetary Policy Rate stays at 11.5% as soaring Oil Prices cloud Inflation Outlook

    KARACHI – State Bank of Pakistan has kept its policy rate unchanged at 11.5%, opting for caution as improving economic…

  8. 24 News HD 80% identical

    State Bank keeps policy rate unchanged at 11.5%

    The State Bank of Pakistan’s Monetary Policy Committee (MPC) has unanimously decided to keep the policy rate unchanged at 11.

  9. Hum News English 76% identical Policy rate 11.5%

    State Bank keeps policy rate unchanged at 11.5%

    The State Bank of Pakistan (SBP) has kept its policy rate unchanged at 11.5 per cent, maintaining the benchmark interest rate at its current level. The decision was made by the central bank’s Monetary Policy Committee, which opted to maintain the benchmark rate amid the prevailing economic conditions. The Monetary Policy Committee had raised the benchmark rate to 11.50% in April in response to ...

  10. Dunya News 81% identical Policy rate 11.5%

    SBP keeps policy rate unchanged at 11.5pc

    SBP keeps policy rate unchanged at 11.5%, citing economic conditions as Middle East tensions push global oil prices and inflation higher.

  11. ProPakistani 74% identical Policy rate 11.5%

    SBP Keeps Interest Rate Unchanged 3rd Meeting in a Row

    The State Bank of Pakistan (SBP) on Monday decided to keep its benchmark policy rate unchanged at 11.5 percent. This… Read More

  12. Dawn 84% identical Policy rate 11.5%

    SBP keeps interest rate unchanged at 11.5pc

    The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday kept the key policy rate unchanged at 11.5 per cent. Bankers had anticipated a status quo, but some analysts had predicted that the central bank would lift the policy rate by 50 points. The central bank had raised its policy rate to 11.5pc by 100bps on April 27 in response to rising global energy prices and supply chai...

  13. Geo News 79% identical

    SBP holds policy rate at 11.5% as Mideast tensions stoke inflation fears

    An undated image of the State Bank of Pakistan building in Karachi. — AFP/FileThe State Bank of Pakistan on Monday kept its policy rate unchanged at 11.5%, as rising global oil prices and renewed hostilities in the Middle East fuel concerns over inflation.The...

  14. Daily Pakistan (English) 86% identical

    SBP keeps Interest Rate at 11.5% as Oil Prices fuel fresh Inflation Fears

    KARACHI – State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 11.5%, as the central bank weighs improving economic conditions against fresh inflation risks from higher oil prices and continued tensions in the Middle East. The decision was taken by the Monetary Policy Committee (MPC) at its second meeting of […]

  15. The Express Tribune 74% identical

    SBP keeps policy rate unchanged at 11.5%

    Monetary Policy Committee maintains the benchmark rate at its meeting on September 14

Sun
No agreed figure

SBP faces tough call as inflation surges

2 outlets
HarZaviya summary · from 2 outlets

Most outlets led with the State Bank of Pakistan's difficult decision on monetary policy amid rising inflation and global energy prices. BOL News emphasized the role of oil costs and exchange-rate signals in complicating the policy rate decision, while also noting analysts' expectations of stable rates. Minute Mirror framed the challenge broadly, focusing on the economic outlook and the central bank’s scheduled decision.

Summary generated by HarZaviya from the headlines and excerpts of the 2 outlets below. Each outlet's own headline is listed under it.

No agreed figure — 1 of 2 outlets published a number, and one outlet on its own is not a consensus.

  1. Central bank faces inflation crossroads as oil and rupee signals cloud policy rate decision

    Rising fuel costs and mixed exchange-rate signals complicate Pakistan's inflation outlook, pushing analysts to expect the SBP holding rates steady.

  2. Minute Mirror 81% identical Policy rate 11.5%

    SBP faces tough call as inflation surges

    The State Bank of Pakistan (SBP) is facing a challenging decision over its monetary policy as renewed inflationary pressures and rising global energy prices complicate the economic outlook. The central bank is scheduled to announce its latest policy rate decision at the Monetary Policy Committee meeting on Monday. The key interest rate currently stands at 11.5 per cent after the SBP increased i...

18 articles from 16 outlets over 2 developments, 13 Sep–15 Sep 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text. What does % identical mean?