Pakistan Interest Rate 1992-2014 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Pakistan was last recorded at 9.50 percent. Interest Rate in Pakistan averaged 12.51 Percent from 1992 until 2014, reaching an all time high of 20 Percent in October of 1996 and a record low of 7.50 Percent in November of 2002. Interest Rate in Pakistan is reported by the State Bank of Pakistan.

Forecast

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	9.50	10.00	20.00	7.50	1992 - 2014	percent	Daily

In Pakistan, interest rates decisions are taken by the State Bank of Pakistan. The official interest rate is the discount rate. This page provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Pakistan Interest Rate - was last refreshed on Tuesday, November 25, 2014.

Pakistan Cuts Key Rate by 50 bps

The State Bank of Pakistan decided to lower the benchmark policy rate by 50 bps to 9.5 percent at its November meeting, citing lower inflation.

Excerpts from the statement by the State Bank of Pakistan:

Limited impact of floods and a favorable trend in global commodity prices are the major highlights of the post-September monetary policy decision.

Given its recent downward trend, the likelihood for inflation to end the current fiscal year on a lower plateau is high. But, there are risks. First, downward trend over the medium to long term remains to be seen because it is based on volatile prices of “perishable items” and “oil”. Second, other risks identified in the previous statement, such as cut in subsidy to electricity and levying of Gas Infrastructure Development Cess, still hold and if materialized can alter the inflation outlook on a higher side. Third, underlying inflationary pressures on core inflation remain.

The current low oil price could salvage some of the lost growth momentum. Broadly, however, growth in large-scale manufacturing would remain constrained due to energy bottlenecks. Thus the main thrust to the growth momentum would come from agriculture outcomes in the remaining months of FY15. Barring the limited flood-related damage to some kharif crops, agriculture output is expected to perform better than the previous year especially now when incentive for Rabbi season crops has been announced; such as, the recent increase of Rs100 in wheat support price.

Government has shown a significant progress in curtailing budgetary imbalances. It seems on course to achieve further fiscal consolidation, given its current management of expenditures and borrowing pattern. This has positive implications for the monetary management of the SBP and more importantly, in the coming months, it would have a favorable impact on the private sector credit cycle. However, to achieve fiscal consolidation in the long run, structural reforms to broaden the tax base remain imperative.

State Bank of Pakistan | Joana Taborda | joana.taborda@tradingeconomics.com
11/18/2014 1:07:18 PM

Recent Releases

Pakistan Leaves Rate Steady at 10%
At its September 20th meeting, the State Bank of Pakistan left its key policy rate unchanged at 10 percent. While citing lower inflation and higher growth, policymakers showed concerns over political impasse, the delay in IMF’s fourth review and floods as potential risks to growth. Published on 2014-09-22

Pakistan Leaves Monetary Policy Unchanged
At its May 17th meeting, the State Bank of Pakistan left its key discount rate steady at 10.0 percent for the third straight meeting amid higher inflows, single digit inflation and reduced borrowing by the state. Published on 2014-05-19

Pakistan Money	Last	Previous	Highest	Lowest	Unit
Interest Rate	9.50	10.00	20.00	7.50	percent	[+]
Interbank Rate	9.98	9.98	17.42	1.21	percent	[+]
Money Supply M0	2772985.00	2773002.68	2985235.07	1413617.11	PKR Million	[+]
Money Supply M1	7674386.00	7564593.00	7684158.00	3168848.00	PKR Million	[+]
Money Supply M2	9797427.00	9665706.00	9797427.00	4431502.00	PKR Million	[+]
Money Supply M3	12513731.00	12366983.58	12513731.00	5548454.00	PKR Million	[+]

	Interest Rate	Reference	Previous	Highest	Lowest	Unit
Australia	2.50	Nov/14	2.50	17.50	2.50	percent	[+]
Brazil	11.25	Oct/14	11.00	45.00	7.25	percent	[+]
Canada	1.00	Oct/14	1.00	16.00	0.25	percent	[+]
China	5.60	Nov/14	6.00	10.98	5.31	percent	[+]
Euro Area	0.05	Nov/14	0.05	4.75	0.05	percent	[+]
France	0.05	Nov/14	0.05	4.75	0.05	percent	[+]
Germany	0.05	Nov/14	0.05	4.75	0.05	percent	[+]
India	8.00	Oct/14	8.00	14.50	4.25	percent	[+]
Indonesia	7.75	Nov/14	7.50	12.75	5.75	percent	[+]
Italy	0.05	Nov/14	0.05	4.75	0.05	percent	[+]
Japan	0.00	Nov/14	0.00	9.00	0.00	percent	[+]
Mexico	3.00	Oct/14	3.00	9.25	3.00	percent	[+]
Netherlands	0.05	Nov/14	0.05	4.75	0.05	percent	[+]
Russia	9.50	Oct/14	8.00	10.50	5.00	percent	[+]
South Korea	2.00	Nov/14	2.00	5.25	2.00	percent	[+]
Spain	0.05	Nov/14	0.05	4.75	0.05	percent	[+]
Switzerland	0.00	Oct/14	0.00	3.50	0.00	percent	[+]
Turkey	8.25	Nov/14	8.25	500.00	4.50	percent	[+]
United Kingdom	0.50	Nov/14	0.50	17.00	0.50	percent	[+]
United States	0.25	Oct/14	0.25	20.00	0.25	percent	[+]