# SBP raises policy rate to 12 %

> The State Bank of Pakistan raised its policy rate to 12%.

- Date: 2026-10-27 · published 2026-10-29T06:17:34.157Z
- Category: macro · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/722-sbp-raises-policy-rate-to-12
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher rates raise borrowing costs for Pakistani importers of feed ingredients and can slow demand, with limited direct effect on global feed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -5.0% | -7.9% |
| KWHEAT | 2026-01-28 | [Wheat Prices Rally as Dollar Dips; Todd Hubbs Weighs in on Crop Outlook and Policy Rumors - Oklahoma Farm Report](https://feedsoft.ai/events/21102-wheat-prices-rally-as-dollar-dips-todd-hubbs-weighs-in-on-crop-outlook-and.md) | +0.4% | +3.7% |
| KWHEAT | 2026-10-24 | [World Bank Sees 3 . 8 % Growth as Poverty Traps 120 Million Pakistanis](https://feedsoft.ai/events/733-world-bank-sees-3-8-growth-as-poverty-traps-120-million-pakistanis.md) | -3.0% | — |
| KWHEAT | 2026-09-25 | [What’s behind the latest surge in grain and oilseed prices?](https://feedsoft.ai/events/17495-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -3.8% | -13.2% |
| KWHEAT | 2018-10-26 | [U.S. wheat prices mostly about Russia these days \| Oklahoma State University](https://feedsoft.ai/events/62580-u-s-wheat-prices-mostly-about-russia-these-days-oklahoma-state-university.md) | +3.0% | -5.2% |

## Sources

- tribune.com.pk: https://tribune.com.pk/story/2637107/sbp-raises-policy-rate-to-12

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.