SBP reschedules MPC meeting on Nov 19

Workers’ remittances in July 2022
Workers’ remittances in July 2022

ISLAMABAD, Nov 17 (APP): State Bank of Pakistan announced on Wednesday that the meeting of Monetary Policy Committee (MPC) would be held on November 19 instead of earlier scheduled date of November 26.

“The Monetary Policy Committee (MPC) of the SBP has decided to bring forward its next meeting from the previously announced date of November 26, 2021. The MPC will now convene in SBP Karachi on Friday, November 19, 2021,” said a press release issued by the Central Bank.

The meeting has been brought forward in light of recent unforeseen developments that have affected
the outlook for inflation and the balance of payments, and to help reduce the uncertainty about
monetary settings prevailing in the market.

The MPC will take stock of these developments and decide about monetary policy.