The Monetary Policy Committee (MPC) of the Central Bank will be meeting on Monday and Tuesday to review major developments in the global and domestic space.

The third meeting of the committee in the year is coming at a time when the global economy is viewed to be in a sweet spot, following respite in global downside risks related to the US elections, Brexit uncertainty and concerns of slower growth in China.

On the domestic front, there are indications of a potential rebound in activities from the second quarter as April’s PMI which settled at 51.1 points, highlighted an improvement in overall business activity.

Meanwhile, analysts have said that a change in the monetary policy stance may be counterproductive to addressing the current high inflation rate.