The State Bank of Pakistan raised its key policy rate by 25 bps to 7.25% on September 20th of 2021, the first hike since a 625bps cut in 2020 and signalled borrowing costs could be raised further, depending on emerging economic data. The committee added that the pace of the economic recovery has exceeded expectations, noting the country’s COVID situation was improving and domestic demand quickening. Also, inflation eased to 8.4 percent in July and August from 9.7 percent in June. source: State Bank of Pakistan

Interest Rate in Pakistan averaged 11.03 percent from 1992 until 2021, 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. This page provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Pakistan Interest Rate - values, historical data and charts - was last updated on September of 2021.

Interest Rate in Pakistan is expected to be 7.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan Interest Rate is projected to trend around 9.00 percent in 2022, according to our econometric models.

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Pakistan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.25 7.00 19.50 5.75 1992 - 2021 percent Daily

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.