SBP dispels rumors of emergency MPC meeting

MG News | September 01, 2023 at 09:45 AM GMT+05:00

0:00

September 01, 2023 (MLN): The State Bank of Pakistan is not holding an emergency meeting of the Monetary Policy Committee (MPC), the central bank clarified on Friday.

"The reports making rounds in media about holding an emergency meeting of the Monetary Policy Committee (MPC) of SBP are completely baseless," the clarification note reads.

Furthermore, it would be premature to forecast the future policy rate as only the MPC, which is an independent statutory body, is empowered to decide about the policy rate.

The next meeting of the MPC is scheduled to be held on September 14, 2023, during which it will take stock of the economic developments and make appropriate decisions in the matter.

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