KARACHI: The State Bank has decided to announce the monetary policy eight times a year instead of the current practice of six times.

“In continuation of efforts to make the process of monetary policy formulation more predictable and transparent in line with international best practices, the SBP has decided to increase the frequency of monetary policy reviews from six to eight times a year,” the central bank said in a press release issued on Friday.

The SBP said this action would bring the frequency of meetings in line with that in comparable emerging markets and also help enhance the predictability of monetary policy actions. The next monetary policy meetings of this fiscal year will be held on Dec 14, Jan 24, March 8, April 19, and Jun 10.

Published in Dawn, November 20th, 2021

Opinion

Editorial

Ultimate price
Updated 02 Nov, 2024

Ultimate price

To dismantle culture of impunity for crimes against journalists, state must ensure that perpetrators do not go unpunished.
Mastung bombing
02 Nov, 2024

Mastung bombing

INSTABILITY continues to haunt Balochistan, as Friday morning’s bombing in Mastung has shown. At least nine...
Plane speak
02 Nov, 2024

Plane speak

DESPITE all its efforts to facilitate PIA’s privatisation, it seems the government only ended up being taken for a...
Seeking investment
Updated 01 Nov, 2024

Seeking investment

Foreign visits will be fruitless unless crucial structural, policy reforms directly affecting investors are focused.
State-backed terror
01 Nov, 2024

State-backed terror

OVER the past year or so, India’s reportedly malign activities in foreign countries have increasingly come under the radar, with
Shared crisis
01 Nov, 2024

Shared crisis

WITH Lahore experiencing unprecedented levels of smog, the Punjab government has announced a series of “green...