The State Bank of Pakistan held its benchmark policy rate at 13.25 percent during its November meeting, taking a second consecutive pause from a series of previous hikes, after consumer price inflation slowed in October after reaching eight-year high in September. The bank last raised rates by 100bps in July amid concerns about inflation, a substantial current account deficit and downward pressure on the rupee currency. Interest Rate in Pakistan averaged 11.19 percent from 1992 until 2019, 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. source: State Bank of Pakistan
Interest Rate in Pakistan is expected to be 13.25 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 12.50 in 12 months time. In the long-term, the Pakistan Interest Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.