When is the next SBP monetary policy?

The MPC publishes its calendar for the year on sbp.org.pk; meetings are roughly every six to eight weeks and the decision is announced the same afternoon.

How does the policy rate affect my loan?

Bank loans are priced at KIBOR plus a spread, and KIBOR moves with the policy rate within days, so your next repricing follows the decision.

SBP policy rate today: 12%

United States

US Fed holds rates at 3.75% to 4% with two votes for a hike; December increase now expected

1d ago

Date	Value	Change	Note
30 Oct 2026	12%	unchanged	Policy rate, SBP snapshot, as on 29- Oct - 26 (auto)source
29 Oct 2026	12%	unchanged	Policy rate, SBP snapshot, as on 28- Oct - 26 (auto)source
28 Oct 2026	12%	unchanged	Policy rate, SBP snapshot, as on 27- Oct - 26 (auto)source
27 Oct 2026	12%	▲ 0.5 pts	MPC raised the policy rate by 50bps to 12% on 26 October 2026, effective 27 October (SBP)source
26 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 23- Oct - 26 (auto)source
25 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 23- Oct - 26 (auto)source
24 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 23- Oct - 26 (auto)source
23 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 22- Oct - 26 (auto)source
22 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 21- Oct - 26 (auto)source
21 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 20- Oct - 26 (auto)source
20 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 19- Oct - 26 (auto)source
19 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 16- Oct - 26 (auto)source
18 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 16- Oct - 26 (auto)source
17 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 16- Oct - 26 (auto)source
16 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 15- Oct - 26 (auto)source
15 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 14- Oct - 26 (auto)source
14 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 13- Oct - 26 (auto)source
13 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 12- Oct - 26 (auto)source
12 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 09- Oct - 26 (auto)source
11 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 09- Oct - 26 (auto)source
10 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 09- Oct - 26 (auto)source
9 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 08- Oct - 26 (auto)source
8 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 07- Oct - 26 (auto)source
7 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 06- Oct - 26 (auto)source
6 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 05- Oct - 26 (auto)source
5 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 02- Oct - 26 (auto)source
4 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 02- Oct - 26 (auto)source
3 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 02- Oct - 26 (auto)source
2 Oct 2026	11.5%	unchanged	Policy rate, SBP snapshot, as on 01- Oct - 26 (auto)source
1 Oct 2026	11.5%	first	Policy rate, SBP snapshot, as on 30- Sep - 26 (auto)source

Date

Value

Change

Note

30 Oct 2026

12%

unchanged

Policy rate, SBP snapshot, as on 29- Oct - 26 (auto)source

29 Oct 2026

12%

unchanged

Policy rate, SBP snapshot, as on 28- Oct - 26 (auto)source

28 Oct 2026

12%

unchanged

Policy rate, SBP snapshot, as on 27- Oct - 26 (auto)source

27 Oct 2026

12%

▲ 0.5 pts

MPC raised the policy rate by 50bps to 12% on 26 October 2026, effective 27 October (SBP)source

26 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 23- Oct - 26 (auto)source

25 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 23- Oct - 26 (auto)source

24 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 23- Oct - 26 (auto)source

23 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 22- Oct - 26 (auto)source

22 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 21- Oct - 26 (auto)source

21 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 20- Oct - 26 (auto)source

20 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 19- Oct - 26 (auto)source

19 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 16- Oct - 26 (auto)source

18 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 16- Oct - 26 (auto)source

17 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 16- Oct - 26 (auto)source

16 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 15- Oct - 26 (auto)source

15 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 14- Oct - 26 (auto)source

14 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 13- Oct - 26 (auto)source

13 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 12- Oct - 26 (auto)source

12 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 09- Oct - 26 (auto)source

11 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 09- Oct - 26 (auto)source

10 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 09- Oct - 26 (auto)source

9 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 08- Oct - 26 (auto)source

8 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 07- Oct - 26 (auto)source

7 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 06- Oct - 26 (auto)source

6 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 05- Oct - 26 (auto)source

5 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 02- Oct - 26 (auto)source

4 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 02- Oct - 26 (auto)source

3 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 02- Oct - 26 (auto)source

2 Oct 2026

11.5%

unchanged

Policy rate, SBP snapshot, as on 01- Oct - 26 (auto)source

1 Oct 2026

11.5%

first

Policy rate, SBP snapshot, as on 30- Sep - 26 (auto)source

SBP policy rate

SBP policy rate

History

About this number

Questions people ask

The news behind the number

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