SBP Updates Monetary Policy Committee Meetings Schedule for CY22

SBP Updates Monetary Policy Committee Meetings Schedule for CY22 in 2022

The State Bank of Pakistan (SBP) has announced the schedule of Monetary Policy Committee meetings for the remainder of 2022.

According to the central bank, the next regular meeting of the Monetary Policy Committee (MPC) is now scheduled for May 23 (Monday), 2022, in light of the emergency meeting held on April 7, 2022.

The schedule for MPC meetings during the remainder of the calendar year 2022 is planned under the advance half-yearly calendar that the SBP has been announcing on a rolling basis since May 2021. The Monetary Policy Committee will meet five more times during the remainder of the current calendar year, according to the revised schedule.

Following the May 23 meeting, the MPC will meet on July 7 (Thursday), 2022, August 22 (Monday), 2022, October 10 (Monday), 2022, and November 25 (Friday), 2022, according to the schedule.

At the November 2022 MPC meeting, the advance calendar of MPC meetings for the first half of the calendar year 2023 will be shared.

It is worth noting that the MPC meeting was scheduled for April 19, but the MPC held an emergency meeting on April 7 and decided to raise the policy rate by 250 basis points to 12.25 percent.

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