Today, the State Bank will make a monetary policy announcement.
On Monday (today), the State Bank of Pakistan (SBP) will make its monetary policy announcement.
According to an SBP release, “the Monetary Policy Committee (MPC) will meet on Monday, May 05, 2025 to decide about the Monetary Policy.”
While the central bank communicates its decisions through the Monetary Policy Statement on the same day, the MPC will examine the overall financial and fiscal situation, key economic indicators, data from various sectors, and significant developments since the previous monetary policy was announced.
At its most recent meeting on March 10, 2025, the MPC took a cautious stance, maintaining the policy rate at 12 percent while taking inflation expectations and the external account situation into account.
The committee was cautious about inflation creeping up in the coming months and the uncertainties in the global economic policy environment, but it had acknowledged the improvement in economic indicators such as current account balance, inflation, external inflows, monetary management, and foreign reserves.
The MPC had also emphasised the necessity of ongoing fiscal consolidation to maintain price stability, which is crucial for sustainable economic growth, in light of the developments and changing risks.
