Pakistan Economy: SBP-MPC to maintain ‘Status Quo’ – By Taurus Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">State Bank of Pakistan&rsquo;s Monetary Policy Committee (MPC) is scheduled to meet on December 15, 2025; wherein we expect the MPC to maintain &lsquo;status quo&rsquo;, keeping the benchmark policy rate unchanged at 11%. Our stance emanates primarily from the elevated NCPI levels expected to prevail during 2HFY26&mdash;mainly due to a lower base-effect, culminating in headline inflation aver aging ~6.7%YoY for FY26; period end forecast of 9.6% (Jun&rsquo;26).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In addition, our expectations are also matched by the recently released macroeconomic projections by the IMF. Wherein, the IMF has trimmed its real GDP growth forecast for FY26 from 3.6% earlier to 3....