The State Bank of Pakistan (SBP) on Monday kept its benchmark interest rate unchanged at 11%, stating that the current policy stance is suitable for maintaining price stability. In its statement, the central bank noted that headline inflation rose sharply to 5.6% in September, while core inflation remained steady at 7.3%. The Monetary Policy Committee (MPC) said the economic impact of recent floods was milder than expected, with limited crop losses and minimal supply disruptions. The SBP highlighted continued economic momentum driven by strong growth in key sectors and an improved macroeconomic outlook. However, it cautioned that risks persist due to global commodity price fluctuations, weak export performance, and potential domestic food supply challenges.