The central bank of Pakistan slashed its benchmark interest rate by another 100 bps to 8 percent at an unscheduled meeting on May 15th 2020. It is the fourth consecutive rate cut since the pandemic hit in early March, aimed at providing additional support to households and businesses affected by the Covid-19 crisis. Policymakers added that inflationary pressures anticipated earlier in the year are unlikely at this stage.

Interest Rate in Pakistan averaged 11.20 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 May of 2020. source: State Bank of Pakistan

Interest Rate in Pakistan is expected to be 7.50 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 7.50 in 12 months time. In the long-term, the Pakistan Interest Rate is projected to trend around 8.50 percent in 2021 and 10.00 percent in 2022, according to our econometric models.

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Pakistan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.00 9.00 19.50 5.75 1992 - 2020 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.