The central bank of Pakistan raised its policy interest rate by 100bps to 17% on January 23rd, 2023, the highest since 1998, saying inflationary pressures are persisting and continue to be broad-based. Policymakers added that despite some moderation in November and December, inflation continues to remain elevated and core inflation has been on a rising trend for the past 10 months. Also, both the consumer and business inflation expectations have drifted upwards over the short and medium term in the latest pulse surveys. The MPC views that anchoring of inflation expectations is important to achieve the medium-term inflation target of 5-7% by December 2024 and requires coordinated monetary and fiscal policy efforts. source: State Bank of Pakistan
Interest Rate in Pakistan averaged 11.09 percent from 1992 until 2023, 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Interest Rate in Pakistan is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.