SBP not to hold regular monetary policy committee meeting

SBP not to hold regular monetary policy committee meeting

(Web News)

KARACHI: State Bank of Pakistan (SBP) on Friday decided not to hold regular meeting of monetary policy committee meeting scheduled for July 2020.

Given the number of MPC meetings that have taken place in recent months, and actions taken in those meetings, the MPC does not consider it necessary to hold the regular meeting of July 2020.

The next regular meeting of the MPC will now be held in September 2020, the SBP said.

The MPC continues to observe economic conditions and stands ready to take whatever further actions may become necessary in response to any adverse impact on the economy because of the pandemic or any other factor.

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