KARACHI: The State Bank of Pakistan, releasing the full year advance calendar of Monetary Policy Committee (MPC) meetings for Fiscal Year 2025-26 on Tuesday, announced publication of bi-annual Monetary Policy Reports to enhance transparency and boost stakeholders’ confidence.
The central bank will update its projections for key macroeconomic indicators for the next half of the fiscal year in the monetary policy reports (MPRs) planned to be released within two weeks of the July and January MPC meetings, said a statement issued here.
The decision to publish a MPR on a biannual basis has been taken “in line with SBP’s Strategic Plan- Vision 2028- and to enhance transparency in the monetary policy formulation process,” the SBP stated, adding that the reports will supplement SBP’s other monetary policy-related communications with key stakeholders.
The central bank is following a road map towards adopting an inflation targeting regime and this initiative is aimed at enhancing the effectiveness of monetary policy transmission by anchoring inflation expectations, it stated.
SBP, meanwhile, also decided to increase the horizon of the advance calendar of MPC meetings and released the advance calendar of MPC meetings for full-year FY26. According to the announced schedule the first MPC meeting of the current fiscal year will be held on July 30, 2025.
The decision has been taken in line with banking regulator’s efforts to increase institutional transparency and instill greater stakeholder confidence in financial planning over a longer period, the SBP explained.
As per the FY26 schedule, the MPC will meet on July 30, September 15, October 27 and December 15 during the year 2025 and on January 26, March 9, April 27 and June 15 in the coming year 2026.
In case of any unforeseen events on any of the announced dates, a new date will be communicated in due course, it said, adding that the next advance calendar for MPC meetings will be issued in July 2026.
