MPC: How the SBP’s language has changed over 21 years
The State Bank of Pakistan now talks very differently about inflation, risk and the exchange rate than it did in the mid-2000s, a Mettis Global review of its monetary policy communication shows.
October 26, 2026 (MLN): The State Bank of Pakistan now talks very differently about inflation, risk and the exchange rate than it did in the mid-2000s, a Mettis Global review of its monetary policy communication shows. Monetary Policy Statements by the SBP published between July 2005 and September 2026, were analysed and tracked how often key terms appear against the policy rate. The biggest shift is towards inflati...