The Monetary Policy Committee are expected to rise the bank’s policy rate.

On November 19, the Monetary Policy Committee (MPC) decided to increase the policy rate (one-week repo auction rate) from 10.25 percent to 15 percent to restore the disinflation process and support price stability.

The Monetary Policy Committee (MPC) is the decision-making body for monetary policy under the inflation targeting regime.

The MPC is made up of the Governor, Deputy Governors, a member appointed from among the members of the Board and another member appointed by a joint decree upon recommendation of the Governor.

The Undersecretary of Treasury or a Deputy Undersecretary authorized by the Undersecretary can attend the meetings without voting capacity. (ILKHA)