KARACHI: The State Bank of Pakistan (SBP) has decided to increase the number of Monetary Policy Committee (MPC) meetings from six to eight times a year in line with international best practices.
As per the announcement, in continuation of efforts to make the process of monetary policy formulation more predictable and transparent in line with international best practices, the State Bank has decided to increase the frequency of monetary policy reviews from six (6) to eight (8) times a year.
SBP prepones monetary policy announcement, will now hold it on November 19
The SBP believed that this action will bring the frequency of meetings in line with that in comparable emerging markets and will also help to enhance the predictability of monetary policy actions.
Accordingly, the schedule for the next five MPC meetings will be as follows: December MPC meeting on Tuesday, 14th Dec 2021. January MPC meeting on Monday, 24th Jan 2022, March MPC meeting on Tuesday, 8th Mar 2022, April MPC meeting on Tuesday, 19th Apr 2022 and June MPC meeting on Friday, 10th Jun 2022.
The advance calendar for the next half-year of MPC meetings will be shared at the time of the June 2022 MPC meeting, the SBP added.
Copyright Business Recorder, 2021
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