The State Bank of Pakistan left its key policy rate unchanged at 7 percent on November 23rd 2020, saying the economic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent in FY21 (July 2020 to June 2021), and business sentiment has improved further. Still, policymakers noticed the recent rise in Covid-19 cases in Pakistan and many other countries presents considerable downside risks although there has been recent encouraging news on vaccine development. On the inflation front, increases in food prices are likely to be temporary and average inflation is expected to fall within the previously announced range of 7-9 percent for FY21. source: State Bank of Pakistan
Interest Rate in Pakistan averaged 11.13 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 December 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.