As part of its ongoing efforts to bring greater transparency and predictability to monetary policy formulation and to improve its monetary policy communication, the SBP has released the advance calendar for Monetary Policy Committee (MPC) meetings for FY27.

The SBP has also decided to increase the frequency of post-MPC press conferences from two to four times a year. The press conferences by SBP’s Governor will be conducted following the MPC meetings in July, October, January and April.

At the same time, SBP has decided to publish the staff presentation prepared for the post-MPC Analyst Briefing. The presentation will be published on SBP’s official website one day after the MPC meeting. This decision is aimed at bringing greater transparency to the MPC’s reaction function and increasing stakeholders’ confidence in the thorough, data-driven monetary policy formulation process at the SBP.

Lastly, the SBP has decided to streamline the process for publishing the minutes of MPC meetings. The minutes will now be published on SBP’s website by the end of the 4th week of the corresponding MPC meeting.

The measures announced today are all reflected in a more detailed advance calendar for MPC meetings, which can be accessed here: https://www.sbp.org.pk/m_policy/mp-calendar.asp

The continuous improvements in SBP’s monetary policy-related communications are guided by the SBP’s 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.