SBP Announces MPC Calendar And Transparency Measures

ISLAMABAD: (Web Desk) – The State Bank of Pakistan (SBP) has unveiled the schedule for its Monetary Policy Committee (MPC) meetings for fiscal year 2026-27 and announced several initiatives aimed at enhancing transparency and strengthening communication around monetary policy decisions.

As part of the new framework, SBP Governor Jameel Ahmad will conduct four press conferences annually following MPC meetings scheduled in July, October, January, and April. The move is intended to provide greater clarity regarding policy decisions and the economic outlook.

The central bank also announced that analyst briefing presentations prepared after each MPC meeting will be published on its website. These presentations will be made publicly available one day after the respective meetings, giving investors, analysts, and the wider public improved access to policy-related information.

In another significant step, the SBP said minutes of MPC meetings will now be released by the end of the fourth week following each meeting. The measure is designed to offer deeper insight into the committee’s discussions and the factors influencing monetary policy decisions.

KSE-100 Rises After SBP Holds Interest Rate Steady

According to the central bank, these reforms form part of its Vision 2028 strategy, which seeks to strengthen policy credibility, improve stakeholder engagement, and enhance the effectiveness of monetary policy communication.

The SBP stated that greater disclosure and more frequent communication will help anchor inflation expectations, boost market confidence, and support the implementation of an inflation-targeting framework. The bank also noted that the amount of advance information provided to market participants regarding monetary policy has been expanded to improve predictability and transparency.