SBP policy rate
The State Bank of Pakistan's benchmark interest rate, set by the Monetary Policy Committee roughly every six to eight weeks.
As of · State Bank of Pakistan · updated ad-hoc
11%unchanged since 10 Mar 2026
- 1 week
- unchanged
- 1 month
- unchanged
- 1 year
- unchanged
History
Key factsas of 16 Jun 2026
- SBP policy rate
- 11% %
- Change since 10 Mar 2026
- +0% %
- Lowest on record (16 Jun 2025 to 16 Jun 2026)
- 11% %
- Highest on record
- 11% %
- Source
- State Bank of Pakistan
- Updated
- ad-hoc
About this number
The policy rate is the rate at which the State Bank lends to banks overnight, set by the Monetary Policy Committee every six to eight weeks. Everything else follows it: KIBOR, car and home loan rates, and the return on savings accounts. A cut of one point lowers a Rs 5 million home loan instalment by roughly Rs 3,000 to 4,000 a month.
Car loan calculator →Home loan calculator →
Questions people ask
- 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.
The news behind the number
| Date | Value | Change | Note |
|---|---|---|---|
| 16 Jun 2026 | 11% | unchanged | |
| 10 Mar 2026 | 11% | unchanged | |
| 15 Dec 2025 | 11% | unchanged | |
| 27 Oct 2025 | 11% | unchanged | |
| 15 Sept 2025 | 11% | unchanged | |
| 30 Jul 2025 | 11% | unchanged | |
| 16 Jun 2025 | 11% | first |