SBP sets overnight reverse repo at 12.50%, repo at 10.50%

The State Bank of Pakistan has raised the policy rate by 100 basis points to 11.50% and set the overnight reverse repo rate at 12.50% and the overnight repo rate at 10.50% under its interest rate corridor framework.

The adjustments place the corridor width at 200 basis points, with the reverse repo rate 100 basis points above and the repo rate 100 basis points below the policy rate.

The central bank said it will continue to ensure that the money market overnight rate remains aligned with the policy rate.

The revised rates will take effect from April 28, 2026, while other existing instructions under the framework remain unchanged.