Monetary Policy Committee Since its inception in April 2007, the Monetary Policy Committee (MPC) witnessed several changes. 30 meetings have been held of which 29 were interest-rate-setting meetings.
The MPC was reconstituted, for the second time, in December 2012 and the total number of members was reduced from nine to eight, comprising namely, the Governor, the two Deputy Governors, two members appointed by the Prime Minister, and three members appointed by the Minister of Finance and Economic Development.