The State Bank of Pakistan left its key policy rate unchanged at 7% on March 19th, 2021. The decision comes despite ongoing uncertainty and it is aimed at continue supporting the economic recovery while inflation expectations remain well-anchored. Meantime, the central bank raised its growth projection to 3% in FY21 from an earlier forecast of 2% due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided to offset the Covid-19 crisis. On the inflation front, increases in food prices are likely to be temporary and average inflation is expected to fall to the 5-7% target range over the medium-term. source: State Bank of Pakistan
Interest Rate in Pakistan averaged 11.09 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 April of 2021.
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 2022, according to our econometric models.