SBP Monetary Policy Transmission: Market Interest Rates Adjust to Policy Rate Changes
State Bank of Pakistan says monetary easing lowered market rates, while the April 2026 rate hike to 11.5% has begun transmitting to money market and lending rates.
Pakistan’s Banking Sector Records Decline in Deposit and Lending Rates Amid Monetary Easing
Pakistan’s banking sector witnessed a decline in both deposit and lending rates during August 2025 as monetary easing continued, widening spreads and reshaping returns for depositors and borrowers.

