State Bank of Pakistan to Announce Monetary Policy

The State Bank of Pakistan (SBP) is set to announce its Monetary Policy on April 29, 2024, following the upcoming meeting of the Monetary Policy Committee. The central bank's decision-making body, the Monetary Policy Committee (MPC), will convene on April 29 to deliberate on the country's monetary policy. During this meeting, the MPC will assess various economic indicators, sectoral data, and recent developments since the last policy announcement.

After the meeting, the SBP will release the Monetary Policy Statement on the same day. In the previous MPC meeting held on March 18, 2024, the committee opted to maintain the policy rate at 22 percent, citing inflation expectations as a key factor influencing their decision. The committee stressed the importance of timely realization of planned external inflows and continued targeted fiscal consolidation to uphold macroeconomic stability and price stability.

As the SBP gears up for the upcoming Monetary Policy announcement, market participants and stakeholders will keenly await the decision and accompanying insights provided in the Monetary Policy Statement. The outcome of this meeting will have implications for various sectors of the economy and will shape the monetary landscape in the coming months.