On July 31, the State Bank will release its monetary policy

On July 31, the State Bank will release its monetary policy

In Karachi. On July 31, 2023, the State Bank of Pakistan’s Monetary Policy Committee (MPC) will meet to discuss monetary policy.

After presiding over the MPC meeting, SBP Governor Jameel Ahmad will hold a news conference the next day to make the monetary policy announcement.

SBP released a rolling calendar for the Monetary Policy Committee (MPC) meetings last week.

SBP released a rolling calendar for the Monetary Policy Committee (MPC) meetings last week.

The MPC will hold its final three sessions on September 14 (Thursday), October 30 (Monday), and December 12 (Tuesday) of the current fiscal year.

MPC creates regulations for their implementation, decides on intermediate monetary objectives, key interest rates, reserve supply, and formulates the monetary policy. It also approves and releases the monetary policy statement and other monetary policy measures.

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