Pakistan's central bank raised key interest rates by 100 basis points on 29th September 2018, citing rising inflation and large twin deficits. It marked the highest rate in over three years, amid intensifying speculation about an International Monetary Fund bailout. Since January, State Bank of Pakistan has hiked rates by 175 basis points. Also, policymakers have devalued the currency four times since December 2017. In August 2018, annual inflation rate in the country came in at 5.84 percent, the highest since September 2014. 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 8.75 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 9.25 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.

Pakistan Interest Rate
Forecast Data Chart
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Pakistan Money Last Previous Highest Lowest Unit
Interest Rate 8.50 8.50 19.50 5.75 percent [+]
Interbank Rate 7.85 6.83 17.42 1.21 percent [+]
Money Supply M0 5419477.27 5561476.00 5561476.00 1413617.11 PKR Million [+]
Money Supply M1 13071186.00 13199292.00 13199292.00 3168848.00 PKR Million [+]
Money Supply M2 15791356.00 15792086.00 15792086.00 4431502.00 PKR Million [+]
Money Supply M3 19494227.86 19459456.77 19494227.86 5548454.00 PKR Million [+]
Deposit Interest Rate 4.48 4.83 8.68 1.63 percent [+]
Loans To Private Sector 4664418.00 4624682.00 4664418.00 1482289.00 PKR Million [+]
Foreign Exchange Reserves 16369.70 16891.10 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.50 19.50 5.75 1992 - 2018 percent Daily

Country Last
Argentina 62.21 Nov/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18