Karachi March 31 2023: The Monetary Policy Committee of SBP will meet on Tuesday, April 04, 2023 at SBP Karachi to decide about the Monetary Policy.
Later on, SBP will issue the Monetary Policy Statement through a press release on the same day.
In the previous meeting held on 2nd March 2023, the Monetary Policy Committee (MPC) decided to increase the policy rate by 300 basis points to 20 percent as the recent fiscal adjustments and exchange rate depreciation have
led to a significant deterioration in the near term inflation outlook and a further upward drift in inflation expectations, as reflected in the latest wave of surveys. The Committee expects inflation to rise further in the next few months as the impact of these adjustments unfolds before it begins to fall, albeit at a gradual pace. The average inflation this year is now expected in the range of 27 – 29 percent against the November 2022 projection of 21 – 23 percent. In this context, the MPC emphasized that anchoring inflation expectations is critical and warrants a strong policy response.
