The monetary policy committee (MPC) is responsible of the formulation of the monetary policy stance. After analyzing the international and national economic and financial developments and considering the inflation objective, the MPC decides on the level of the policy rate. This is expected to have an effect on the monetary policy ultimate objective of low and stable inflation.
The monetary policy committee meetings take place on quarterly basis and whenever is deemed necessary. As BNR is committed to transparency and improvement in its communication strategy, the decisions taken by the MPC are formally announced and explained by Governor to the public at a press conference.
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