Regulatory Alerts2026-04-27 | DMMD Circular No. 02SBP Policy Rate and Overnight Repo/Reverse-Repo Facilities
The State Bank of Pakistan increased its Policy Rate to 11.50% and adjusted the overnight interest rate corridor. The new framework sets the overnight reverse repo ceiling at 12.50% and the repo floor at 10.50%, establishing a 200-basis-point corridor. Effective April 28, 2026, commercial banks and primary dealers must align their money market overnight rates to remain close to the updated target rate.
Share