The State Bank of Pakistan raised its benchmark policy rate by 150bps to 10 percent on 30th November, citing rising inflation and large twin deficits. It was the fifth rate hike this year, bringing borrowing costs to the highest in six years. In October, inflation jumped to 7 percent from 5.12 percent in September. Policymakers forecast inflation rate for the FY19 of 6.5-7.5 percent, higher than the annual target of 6 percent and GDP growth slightly above 4 percent. Interest Rate in Pakistan averaged 11.17 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.

Interest Rate in Pakistan is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Pakistan to stand at 10.25 in 12 months time. In the long-term, the Pakistan Interest Rate is projected to trend around 11.00 percent in 2020, according to our econometric models.

Pakistan Interest Rate
Forecast Data Chart
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Pakistan Money Last Previous Highest Lowest Unit
Interest Rate 10.00 10.00 19.50 5.75 percent [+]
Interbank Rate 7.85 6.83 17.42 1.21 percent [+]
Money Supply M0 5724881.94 5409688.94 5724881.94 1413617.11 PKR Million [+]
Money Supply M1 13321718.00 13130691.00 13321718.00 3168848.00 PKR Million [+]
Money Supply M2 16066649.00 15833049.00 16066649.00 4431502.00 PKR Million [+]
Money Supply M3 19784742.97 19551677.05 19784742.97 5548454.00 PKR Million [+]
Deposit Interest Rate 4.48 4.83 8.68 1.63 percent [+]
Loans To Private Sector 5101436.00 4914450.00 5101436.00 1482289.00 PKR Million [+]
Foreign Exchange Reserves 13752.90 14021.60 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 19.50 5.75 1992 - 2018 percent Daily

Country Last Previous
Argentina 57.25 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Jan/19
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18