A majority of analysts had expected the SBP would keep the rate flat at 6%.
Central banks revise benchmark interest rates regularly to control credit supply in the economy, ensure overall price stability, and help governments achieve economic growth targets.
With mild inflation outlook, analysts believe the consumer price index will remain in the range of 3.5% to 4% for 2015-16, which is significantly lower than the government’s target inflation rate at the beginning of the fiscal year.
The IMF has also reduced the projected inflation for 2015-16 to 3.7% from 4.7%.
The SBP brought down the policy rate by 300 basis points in 2014-15. It further reduced the target rate from 6.5% to 6% in its September announcement. However, it opted for the status quo in the two bi-monthly monetary policy announcements since then.
 decided on Saturday to keep the benchmark interest rate unchanged for the next two months){kind=link}