# State Bank of Pakistan policy actions > Live situation record from CLSTR: https://clstr.news/situations/state-bank-of-pakistan-policy-actions > Updated: 2026-07-25T18:16:48.000Z. Sources: 4. Developments: 2. In early July 2026 the State Bank of Pakistan removed the minimum‑deposit‑rate requirement for certain trusts, private firms and high‑value individual deposits, a move analysts said would lift profitability for major banks. On 10 July the central bank injected roughly Rs 2.8 trillion of liquidity through reverse‑repo purchases and sharia‑compliant Mudarabah operations, targeting short‑term funding stability. Later in the month, the SBP prepared to announce its first monetary‑policy decision for fiscal year 2027 on 27 July. Expectations were that the policy rate would remain at 11.5 % despite inflating consumer prices near 11.7 % and external pressures such as oil price volatility and US‑Iran tensions. The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel called for a gradual rate reduction to support private investment and export competitiveness, provided inflation expectations stayed anchored. Together, the snapshots trace a brief period in which the Pakistani central bank combined liquidity support with a cautious stance on interest‑rate policy amid rising inflation and external shocks. ## Timeline ### 2026-07-25: State Bank of Pakistan's July 27 Policy Decision SBP will likely hold the policy rate at 11.5% on July 27 amid rising inflation, while the BMP calls for gradual cuts to spur investment. 4 sources. https://clstr.news/cluster/state-bank-of-pakistans-july-27-policy-decision ### 2026-07-09: State Bank of Pakistan’s policy shift lifts banks and adds Rs 2.8 trn liquidity SBP scrapped a deposit rate floor, helping top Pakistani banks gain up to Rs 45 bn in profit, and injected Rs 2.8 trn liquidity via reverse‑repo and sharia‑compliant OMO at 11.5% rates. 2 sources. https://clstr.news/cluster/state-bank-of-pakistans-policy-shift-lifts-banks-and-adds-rs-28-trn-liquidity --- Cite as: State Bank of Pakistan policy actions. CLSTR, https://clstr.news/situations/state-bank-of-pakistan-policy-actions