CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
As of 2 October 2026, the latest completed MPC meeting was held on:
A. 27 July 2026
B. 14 September 2026
C. 26 October 2026
D. 14 December 2026
Correct Answer: B
The October and December meetings were still future scheduled meetings as of the verification date.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Which meeting immediately followed the April 2026 rate hike?
A. 15 June 2026
B. 9 March 2026
C. 27 July 2026
D. 14 September 2026
Correct Answer: A
The next MPC review after April 27 occurred on June 15.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Which meeting immediately preceded the April 2026 rate hike?
A. 26 January 2026
B. 15 June 2026
C. 27 July 2026
D. 9 March 2026
Correct Answer: D
The March meeting held the rate at 10.5 percent before April's tightening.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Which sequence correctly describes the 2026 policy-rate path through September?
A. 10.5% → 11.5% → 12.5% → 11.5% → 10.5% → 9.5%
B. 11.5% → 11.0% → 10.5% → 10.0% → 9.5% → 9.0%
C. 10.5% → 10.5% → 11.5% → 11.5% → 11.5% → 11.5%
D. 10.5% → 9.5% → 10.5% → 12.5% → 12.0% → 11.5%
Correct Answer: C
The six meetings were January, March, April, June, July and September; only April changed the rate.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
What was the highest policy rate reached during completed 2026 MPC meetings through September?
A. 10.5 percent
B. 11.5 percent
C. 12.5 percent
D. 13.5 percent
Correct Answer: B
The April hike brought the policy rate to 11.5 percent, where it remained through September.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
What was the lowest policy rate recorded during the completed 2026 MPC meetings through September?
A. 10.5 percent
B. 9.5 percent
C. 11.0 percent
D. 11.5 percent
Correct Answer: A
The January and March meetings held the policy rate at 10.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The policy rate rose by how many percentage points between 26 January and 14 September 2026?
A. 0.5 percentage point
B. 2 percentage points
C. 3 percentage points
D. 1 percentage point
Correct Answer: D
The rate was 10.5 percent in January and 11.5 percent in September.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
How many completed MPC meetings had taken place in calendar year 2026 by 14 September?
A. Four
B. Five
C. Six
D. Eight
Correct Answer: C
Completed meetings were held in January, March, April, June, July and September.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Which was the only completed 2026 MPC meeting through September that changed the policy rate?
A. 26 January 2026
B. 27 April 2026
C. 15 June 2026
D. 14 September 2026
Correct Answer: B
January, March, June, July and September were holds; April delivered the 100-bps increase.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
From 28 April through 2 October 2026, the policy rate remained at:
A. 11.5 percent
B. 10.5 percent
C. 12.5 percent
D. 9.5 percent
Correct Answer: A
After the April increase, the June, July and September meetings all maintained 11.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
How many MPC members did not support the September 2026 status-quo decision?
A. One
B. Two
C. Five
D. Three
Correct Answer: D
With seven of ten supporting the hold, three members did not vote for the status quo.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
How many of the ten MPC members voted to keep the rate unchanged on 14 September 2026?
A. Five
B. Eight
C. Seven
D. Ten
Correct Answer: C
The September decision was supported by seven of the ten members.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
On 14 September 2026, the MPC decided to:
A. Cut it to 10.0 percent
B. Keep the policy rate unchanged at 11.5 percent
C. Raise it to 12.0 percent
D. Return it to 10.5 percent
Correct Answer: B
The latest completed MPC decision as of October 2 kept the rate at 11.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The July 27, 2026 meeting was the MPC's:
A. First meeting of FY27
B. Last meeting of FY26
C. Third meeting of FY27
D. First meeting of FY26
Correct Answer: A
The July meeting opened the FY27 MPC cycle.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The 27 July 2026 policy-rate decision was:
A. Passed by 7 of 10 members
B. Passed by 6 of 10 members
C. Taken by the Finance Ministry
D. Unanimous
Correct Answer: D
SBP's official press conference description states that the MPC unanimously kept the rate at 11.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
On 27 July 2026, the MPC decided to:
A. Cut it to 10.5 percent
B. Raise it to 12.5 percent
C. Keep the policy rate unchanged at 11.5 percent
D. Raise it to 13.0 percent
Correct Answer: C
The first FY27 MPC meeting held the rate at 11.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The June 15, 2026 meeting was the:
A. First meeting of FY27
B. Final monetary-policy review of FY26
C. Final review of FY27
D. Only MPC meeting of 2026
Correct Answer: B
The June meeting closed the FY26 MPC cycle.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
On 15 June 2026, the MPC decided to:
A. Keep the policy rate unchanged at 11.5 percent
B. Return it to 10.5 percent
C. Raise it to 12.5 percent
D. Cut it to 9.5 percent
Correct Answer: A
The final FY26 review kept the policy rate unchanged at 11.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The April 2026 policy-rate increase was Pakistan's first rate increase since:
A. January 2025
B. December 2025
C. March 2026
D. June 2023
Correct Answer: D
The April 2026 tightening was described as the first increase since June 2023.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The April 2026 increase in the policy rate became effective on:
A. 27 April 2026
B. 1 May 2026
C. 28 April 2026
D. 15 June 2026
Correct Answer: C
SBP's rate and corridor changes took effect on April 28, 2026.