GNN on Google Play Store GNN on Apple App Store
Connect with us

Business

Pakistan's central bank increases frequency of monetary policy meetings

SBP increases the number of Monetary Policy Committee (MPC) meetings from six to eight times a year in line with international best practices.

Published

2 years ago

on

By

Pakistan's central bank increases frequency of monetary policy meetings
GNN Media: Representational Photo

The decision has been taken in continuation of efforts to make the process of monetary policy formulation more predictable and transparent in line with international best practices, SBP said in a press release.

The release further says the action will bring the frequency of meetings in line with that in comparable emerging markets. It will also help to enhance the predictability of monetary policy actions.

Accordingly, the schedule for the next five MPC meetings is as follows:

1. December MPC meeting: Tuesday, 14th Dec 2021

2. January MPC meeting: Monday, 24th Jan 2022

3. March MPC meeting: Tuesday, 8th Mar 2022

4. April MPC meeting: Tuesday, 19th Apr 2022

5. June MPC meeting: 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. 

Continue Reading

Trending