Advanced calendar of MPC meetings released: SBP announces publication of biannual MPRs

KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced publication of biannual Monetary Policy Reports and releases advance calendar of Monetary Policy Committee (MPC) meetings for FY26.

In line with SBP’s Strategic Plan-Vision 2028 and to enhance transparency in the monetary policy formulation process, the SBP will be publishing a Monetary Policy Report (MPR) on biannual basis.

The MPRs are timed to be released within two weeks of the July and January MPC meetings, where SBP will update its projections for key macroeconomic indicators. The reports will supplement SBP’s other monetary policy-related communications with key stakeholders.

Monetary Policy Committee: SBP issues advance calendar for meetings in FY26

These efforts are all geared towards enhancing the effectiveness of monetary policy transmission by anchoring inflation expectations, and are part of SBP’s roadmap towards adopting an inflation targeting regime.

Furthermore, in line with its efforts to increase institutional transparency and install greater stakeholder confidence in financial planning over a longer period, the SBP has decided to increase the horizon of the advance calendar of MPC meetings. In this regard, the schedule of MPC meetings for full-year FY26 is below:

The first Monetary Policy Committee (MPC) meeting for the fiscal year 2025–26 will be held on Wednesday, July 30, 2025. The second meeting is scheduled for Monday, September 15, 2025, followed by the third on Monday, October 27, 2025.

The fourth meeting will take place on Monday, December 15, 2025, the fifth on Monday, January 26, 2026, the sixth on Monday, March 9, 2026, the seventh on Monday, April 27, 2026, and the final meeting of the fiscal year will be held on Monday, June 15, 2026.

The next advance calendar for MPC meetings will be issued in July 2026. In case of any unforeseen events on any of the announced dates, a new date will be communicated in due course.

Copyright Business Recorder, 2025