2025-12-15 | DMMD Circular No. 09 of 2025

Added · Updated

SBP's Policy Rate and Overnight Repo / Reverse-Repo Facilities

The State Bank of Pakistan decreases the Policy Rate from 11.00% to 10.50%, effective December 16, 2025. The Overnight Reverse Repo (Ceiling) rate is set at 11.50%, and the Overnight Repo (Floor) rate is set at 9.50%, establishing an interest rate corridor width of 200 basis points. These adjustments apply to all commercial banks and primary dealers, while other existing instructions remain unchanged.

State Bank of Pakistan logo

Pakistan

State Bank of Pakistan

Click to view full text