Macro · 8 Min Read

SBP Monetary Policy Preview: Hold, Hike or Pivot? What MPC Signals Tell Us Ahead of October 26

The October 26, 2026, Monetary Policy Committee (MPC) meeting

By Muhammad Moazzam · October 21, 2026

SBP Monetary Policy Preview: Hold, Hike or Pivot? What MPC Signals Tell Us Ahead of October 26

Pakistan’s central bank faces a difficult balancing act as inflation remains elevated, energy costs threaten price stability, and government bond yields signal tighter financial conditions. Will the State Bank of Pakistan (SBP) maintain its

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