KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet today (Tuesday) December 14, 2021 to review the economic indicators and take a decision on key policy rate.
In the previous monetary policy meeting held on November 19, 2021, SBP decided to increase the number of MPC meetings from six to eight times a year in line with international best practices. As per schedule the next meeting will be held on January 24, 2022.
SBP prepones monetary policy announcement, will now hold it on November 19
In the previous meeting, the committee decided to raise the policy rate by 150 basis points to 8.75 percent to address the risks related to inflation and the balance of payments. Most analysts are expecting further monetary tightening in today’s meeting as inflationary pressure on the economy is gradually increasing.
Copyright Business Recorder, 2021
Comments
Comments are closed.