SBP releases FY27 MPC meeting calendar

June 23, 2026 (MLN): The State Bank of Pakistan (SBP) has released the advance calendar for Monetary Policy Committee (MPC) meetings for FY27, as part of its continued efforts to bring greater transparency and predictability to monetary policy formulation.

Along with the calendar, the central bank declared several measures aimed at strengthening its policy communication framework.

The SBP has decided to increase the frequency of post-MPC press conferences by the Governor from two to four times annually, to be held following MPC meetings in July, October, January, and April, according to a press release issued.

The bank will also begin publishing the staff presentation prepared for the post-MPC Analyst Briefing on its official website one day after each MPC meeting, a step it said was aimed at enhancing transparency into the MPC's reaction function and building stakeholder confidence in its data-driven policy process.

Additionally, the SBP has streamlined the publication timeline for MPC meeting minutes, which will now be released by the end of the fourth week following each corresponding meeting.

The advance calendar for FY27 schedules eight MPC meetings between July 2026 and June 2027, with Monetary Policy Reports planned for August 2026 and February 2027:

The SBP noted that in case of any unforeseen event affecting a scheduled meeting date, a revised date would be communicated in due course.

The central bank said these improvements are guided by its Strategic Plan  Vision 2028  which aims to enhance the effectiveness of monetary policy transmission by anchoring inflation expectations and facilitating the formal adoption of an inflation targeting regime.

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