The State Bank of Pakistan left its key policy rate unchanged at 7% on May 28th of 2021, saying the current accommodative stance remained appropriate to ensure the sustainability of the economic recovery. Policymakers noted that the pandemic continued to threaten growth prospects, as the country saw infection resurge in March. The committee confirmed the economic recovery was underway since the beginning of the current year, as observed in the upward revision of the FY 2021 growth forecast to 3.94%, underpinned by targeted fiscal measures and aggressive monetary stimulus and expected growth to quicken in 2022. Consumer prices in Pakistan jumped 11.1 percent in April, mainly driven by supply shocks to food and energy. Looking ahead, the central bank expected monetary policy to remain accommodative in the near term and said it would be prudent to begin a gradual exit from the easing cycle if pressures were to emerge from the demand side. source: State Bank of Pakistan
Interest Rate in Pakistan averaged 11.07 percent from 1992 until 2021, 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 July of 2021.
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 2022, according to our econometric models.