Karachi November 22 2022: The Monetary Policy Committee of SBP will meet on Friday, November 25, 2022 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, MPC unanimously decided to keep the policy rate unchanged at 15 percent. The decision was taken on continued deceleration in economic activity as well as the decline in headline inflation and the current account deficit since the last meeting. It also noted that the recent floods have altered the macroeconomic outlook and a fuller assessment of their impact is underway.
During last MPC, the committee was of the view that the existing monetary policy stance strikes an appropriate balance between managing inflation and maintaining growth in the wake of the floods. On the one hand, inflation could be higher and more persistent due to the supply shock to food prices, and it is important to ensure that this additional impetus does not spillover into broader prices in the economy. On the other, growth prospects have weakened, which should reduce demand-side pressures and suppress underlying inflation. In light of these offsetting considerations, the MPC considered it prudent to leave monetary policy settings unchanged at this stage.
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