The State Bank of Pakistan left its benchmark interest rate steady at 7% during its September meeting, unchanged from previous two months. Policymakers said that high-frequency demand indicators reflect an encouraging pick-up in economic activity and that the outlook for growth has improved due to the easing of lockdown restrictions. The economic growth is now expected to pick up to around 2% in the financial year 2021, compared to a contraction of 0.4% in the year ended June, mainly driven by manufacturing-related activities and construction, which are being supported by various financial policies from SBP including the Temporary Economic Refinance Facility and the government’s incentives for the housing and construction sectors. Meanwhile, the forecast for inflation has risen slightly primarily due to recent supply-side shocks to food prices. source: State Bank of Pakistan
Interest Rate in Pakistan averaged 11.15 percent from 1992 until 2020, 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 October of 2020.
Interest Rate in Pakistan is expected to be 7.00 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 7.00 in 12 months time. In the long-term, the Pakistan Interest Rate is projected to trend around 7.00 percent in 2021, according to our econometric models.