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State Bank of Pakistan Central Board Decides to Change the Monetary Policy Announcement Schedule

Karachi: The Central Board of Directors of the State Bank of Pakistan has decided to reschedule its meetings on monetary policy from the last week of the alternate month to the first half of the following month during a calendar year.

This change in the schedule of Board meetings has been made in order to take into consideration the latest data on inflation released by the Federal Bureau of Statistics (FBS). The data now becomes available at the beginning of a month instead of the second week.

It may be pointed out that the Board meetings on monetary policy, which were earlier scheduled to be held in the last week of January, March, May, July, September and November, have now been shifted to the first half of February, April, June, August, October and December.

The announcement of Monetary Policy Statement in February and August will be made through a press conference by the Governor, State Bank of Pakistan while the other four monetary policy decisions in April, June, October and December will be announced through press releases.

The Governor, State Bank of Pakistan, Mr. Yaseen Anwar, will unveil the next Monetary Policy Statement for the months of February and March 2012 at a press conference to be held at SBP, Karachi on February 11, 2012 at 4.00 P.M.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk

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