Regulatory Alerts2025-12-15 | DMMD Circular No. 09SBP Policy Rate and Overnight Repo and Reverse-Repo Facilities
The State Bank of Pakistan has lowered its Policy Rate to 10.50 percent and set the overnight reverse repo ceiling at 11.50 percent alongside a 9.50 percent repo floor. These adjustments preserve a 200 basis point interest rate corridor and ensure money market overnight rates track the target rate. The revised framework becomes effective on December 16, 2025, while all other existing monetary directives remain in force.
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