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