The State Bank of Pakistan (SBP) is scheduled to release its monetary policy on Monday, March 18, 2024.
According to a recent statement, the Monetary Policy Committee (MPC) will meet on this date to discuss the forthcoming policy orientation.
The committee plans to examine the current economic and financial landscape, evaluating key indicators, sectoral data, and significant events since the last policy update.
The SBP will disseminate the Monetary Policy Statement via a press release following the meeting.
At its previous meeting on January 29, 2024, the MPC opted to keep the policy rate steady at 22 per cent, underlining the necessity for a stringent monetary policy and fiscal discipline. It forecasted a moderate recovery led by the agricultural sector for the fiscal year 2023-24, with the industrial sector’s momentum expected to accelerate in the latter half of the fiscal year.
The MPC projected that the real GDP growth would hover between 2 to 3 per cent, with the average inflation rate likely to decrease to 23 to 25 per cent by the fiscal year’s end.
