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

The State Bank of Pakistan raised its benchmark policy rate by 100bps to 7.5% on July 14th, 2018. It was the third rate hike since December 2017, bringing borrowing costs to the highest in three years. Policymakers mentioned a deterioration in the balance of payments, a rise in government deficit, higher inflationary pressures and a falling rupee. Despite a strong recovery in exports and an increase in workers’ remittances, the current account deficit widened to unsustainable levels due to a jump in international oil prices and growing imports. Also, the fiscal deficit for the FY18 was revised higher to 6.8% of the GDP from 5.5% estimated in May. Policymakers added that the average inflation is projected to rise above 6% in FY18 and remain within the target of 6.0-7.0% in FY19 due to a higher fiscal deficit, increasing international oil prices and rupee depreciation. The central bank also lowered its projection for FY19 economic growth to 5.5%, from 6.2%. Interest Rate in Pakistan averaged 11.20 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 7.50 6.50 19.50 5.75 percent [+]
Interbank Rate 6.35 6.35 17.42 1.21 percent [+]
Money Supply M0 5451198.00 5298129.00 5451198.00 1413617.11 PKR Million [+]
Money Supply M1 13109406.00 12870130.00 13109406.00 3168848.00 PKR Million [+]
Money Supply M2 15763268.00 15431483.00 15763268.00 4431502.00 PKR Million [+]
Money Supply M3 19413525.31 19061554.87 19413525.31 5548454.00 PKR Million [+]
Deposit Interest Rate 4.48 4.83 8.68 1.63 percent [+]
Loans To Private Sector 4642438.00 4674536.00 4674536.00 1482289.00 PKR Million [+]
Foreign Exchange Reserves 16407.40 15913.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.50 6.50 19.50 5.75 1992 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 17.75 Jul/18
Mexico 7.75 Aug/18
Russia 7.25 Jul/18
Brazil 6.50 Aug/18
India 6.50 Aug/18
Indonesia 5.50 Aug/18
China 4.35 Jul/18
United States 2.00 Aug/18
Australia 1.50 Aug/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.75 Aug/18
Euro Area 0.00 Jul/18
France 0.00 Jul/18
Germany 0.00 Jul/18
Italy 0.00 Jul/18
Netherlands 0.00 Jul/18
Spain 0.00 Jul/18
Japan -0.10 Jul/18
Switzerland -0.75 Jul/18