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.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
On 27 April 2026, the MPC decided to:
A. Cut it by 100 bps to 9.5 percent
B. Raise the policy rate by 100 bps to 11.5 percent
C. Keep it at 10.5 percent
D. Raise it to 13.5 percent
Correct Answer: B
The April meeting increased the rate by 100 basis points to 11.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
On 9 March 2026, the MPC decided to:
A. Keep the policy rate unchanged at 10.5 percent
B. Cut it to 9.0 percent
C. Raise it to 11.5 percent
D. Raise it to 12.0 percent
Correct Answer: A
The March 2026 MPC maintained the 10.5 percent policy rate.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
On 26 January 2026, the MPC decided to:
A. Cut it to 9.5 percent
B. Raise it to 11.5 percent
C. Raise it to 12.5 percent
D. Keep the policy rate unchanged at 10.5 percent
Correct Answer: D
The January 2026 MPC held the policy rate at 10.5 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The December 2025 policy-rate cut that set the starting rate for 2026 was:
A. 25 basis points
B. 100 basis points
C. 50 basis points
D. 150 basis points
Correct Answer: C
SBP cut the rate from 11.0 percent to 10.5 percent effective December 16, 2025.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
At the start of 2026, the SBP policy rate was:
A. 9.50 percent
B. 10.50 percent
C. 11.50 percent
D. 12.00 percent
Correct Answer: B
A 50-bps cut in December 2025 brought the policy rate to 10.5 percent, which remained in place in January and March 2026.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The policy-rate corridor helps strengthen monetary-policy signals by stabilizing:
A. Short-term interbank interest rates
B. Long-run population growth
C. Provincial election results
D. International oil production
Correct Answer: A
The corridor framework reduces excessive volatility around the overnight money-market rate.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Monetary-policy transmission works through households, firms and banks adjusting to:
A. Election cycles only
B. Weather forecasts only
C. Population census schedules
D. Changes in interest rates and financial conditions
Correct Answer: D
Interest-rate changes influence financing conditions, expectations, demand and eventually inflation.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
A fall in the policy rate, other things equal, tends to encourage:
A. Higher borrowing costs
B. Lower liquidity
C. Credit demand and economic activity
D. Automatic fiscal surpluses
Correct Answer: C
Lower rates can stimulate borrowing, spending and investment.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
A rise in the policy rate tends initially to make borrowing:
A. Cheaper
B. More expensive
C. Legally impossible
D. Unaffected in every market
Correct Answer: B
Higher policy rates transmit into market interest rates and raise financing costs.