Karachi July 5 2022: The Monetary Policy Committee of SBP will meet on Thursday, July 07, 2022 to decide about Monetary Policy.
Acting Governor State Bank of Pakistan, Dr. Murtaza Syed will give a press conference on the same day after the MPC meeting.
At previous meeting, the Monetary Policy Committee (MPC) raised the policy rate by 150 basis points to 13.75 percent. Increased rates together with fiscal consolidation through removal of subsidy has helped to moderate demand to a more sustainable pace, however skyrocketed commodity prices has posed risk to external account and inflation.
