Pakistan Interest Rate  1992-2018 | Data | Chart | Calendar | Forecast

The State Bank of Pakistan raised its benchmark policy rate by 50bps to 6.5 percent on May 25th, 2018. It was the first hike since December 2017, mentioning a deterioration in the balance of payments and a rise in government deficit. The current account deficit widened due to increasing international oil prices and limited financial inflows, despite slower imports and an upturn in exports. Also, the fiscal deficit for the FY 18 was revised higher to 5.5 percent of the GDP from 4.1 percent. Policymakers added that the average inflation is projected to remain within the initial target of 3.5-4.5 percent in FY18 while it is seen rising above 6 percent in FY19 due to increasing international oil prices and strong demand. The central bank also noticed that the 6.2 percent growth the government targeted for FY19 is ambitious and will depend on how the growing external pressures are handled, while maintaining average inflation close to its target. Interest Rate in Pakistan averaged 11.23 percent from 1992 until 2018, reaching an all time high of 19.50 percent in October of 1996 and a record low of 5.75 percent in May of 2016.

Pakistan Interest Rate
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Pakistan Money Last Previous Highest Lowest Unit
Interest Rate 6.50 6.00 19.50 5.75 percent [+]
Interbank Rate 6.35 6.01 17.42 1.21 percent [+]
Money Supply M0 5101949.00 5037100.94 5101949.00 1413617.11 PKR Million [+]
Money Supply M1 12565330.00 12452092.00 12565330.00 3168848.00 PKR Million [+]
Money Supply M2 15148618.00 15100078.00 15148618.00 4431502.00 PKR Million [+]
Money Supply M3 18716342.07 18664535.78 18716342.07 5548454.00 PKR Million [+]
Deposit Interest Rate 4.48 4.83 8.68 1.63 percent [+]
Foreign Exchange Reserves 17812.70 18316.60 24025.80 1973.60 USD Million [+]

Pakistan Interest Rate

In Pakistan, interest rates decisions are taken by the State Bank of Pakistan. On 23rd of May, 2015 the discount ceiling rate was replaced by a new official interest rate, the SBP Policy rate. This page provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Pakistan Interest Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.00 19.50 5.75 1992 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.75 Jun/18
Russia 7.25 Jun/18
Brazil 6.50 Jun/18
India 6.25 Jun/18
Indonesia 4.75 May/18
China 4.35 May/18
United States 2.00 Jun/18
Australia 1.50 Jun/18
South Korea 1.50 May/18
Canada 1.25 May/18
United Kingdom 0.50 Jun/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 Jun/18