Monetary policy reviews enhanced to eight every year

KARACHI: The State Financial institution of Pakistan (SBP) on Friday determined to extend the frequency of financial coverage critiques from the prevailing six to eight instances a 12 months.

The SBP stated that in continuation of the efforts to make the method of the financial coverage formulation extra predictable and clear in step with the worldwide greatest practices, it has determined to extend the frequency of financial coverage critiques from six to eight instances yearly.

Learn extra: State Financial institution raises key coverage charge by 150 foundation factors to eight.75%

This motion will convey the frequency of conferences in step with that in comparable rising markets. It can additionally assist improve the predictability of the financial coverage actions.

Accordingly, the subsequent 5 Financial Coverage Committee conferences are scheduled for Tuesday, December 14, 2021; Monday, January 24, 2022; Tuesday, March 8, 2022; Tuesday, April 19, 2022; and Friday, June 10, 2022.

The advance calendar for the subsequent half-year of the Financial Coverage Committee conferences might be shared on the assembly of June 2022, the SBP added.

Leave a Reply

Your email address will not be published. Required fields are marked *