Karachi, The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to convene on Monday, January 29, 2024, to deliberate on the country’s monetary policy. The decision reached in this meeting will be publicly announced by the Governor of SBP, Mr. Jameel Ahmad, in a press conference following the MPC meeting.

According to State Bank of Pakistan, this upcoming meeting is of significant importance as it will determine the direction of monetary policy in the country. The decision made by the MPC will be crucial for economic stakeholders, including investors, businesses, and consumers, as it could influence interest rates, inflation, and overall economic stability.

The announcement, to be made by Governor Ahmad, is eagerly anticipated by financial markets and analysts who closely monitor these policy decisions for indications of the central bank’s view on the economy. Such decisions can have wide-ranging impacts on credit conditions, investment climate, and consumer spending.

The meeting and subsequent announcement come at a time when global and domestic economic conditions are under scrutiny due to various factors, including inflationary pressures and shifts in international trade dynamics.