Pakistan Interest Rate

The benchmark interest rate in Pakistan was last recorded at 10 percent. Interest Rate in Pakistan is reported by the State Bank of Pakistan. Interest Rate in Pakistan averaged 12.59 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. 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. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
10.00 10.00 20.00 7.50 10.00 | 2014/06 1992 - 2014 Percent Monthly

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Pakistan Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interbank Rate 9.98 2014-04-15 9.98 17.42 1.21 9.75 2014-06-30 Percent [+]
Money Supply M0 2728586.80 2014-02-28 2728850.26 2728850.26 1413617.11 2809289.28 2014-06-30 PKR Million [+]
Money Supply M1 7131594.00 2014-02-28 7118916.00 7131594.00 3168848.00 7524156.63 2014-06-30 PKR Million [+]
Money Supply M2 9131222.00 2014-02-28 9095075.00 9208515.00 4431502.00 9694347.32 2014-06-30 PKR Million [+]
Money Supply M3 11673790.52 2014-02-28 11601830.64 11676559.00 5548454.00 12239276.90 2014-06-30 PKR Million [+]
Interest Rate 10.00 2014-03-15 10.00 20.00 7.50 10.00 2014-06-30 Percent [+]
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Pakistan Central Bank Leaves Benchmark Rate on Hold at 10%

In its March 15th, 2014 meeting, Pakistan's Central Bank left the discount rate unchanged at 10 percent. Although consumer prices slowed for the third straight month in February and foreign exchange reserves increased noticeably, the economy still faces many challenges and a pro-active policy effort is required to continue to maintain the momentum.

Excerpt from the statement by the State Bank of Pakistan:

Almost all major economic indicators have moved in the desired direction over the past few months. Inflation has come down and growth in Large Scale Manufacturing (LSM) has been strong. Similarly, the fiscal deficit has been contained during the first half of the fiscal year while the private sector credit has increased. Moreover, reflecting positive sentiments prevailing in the market, the fiscal authority has been able to borrow long term and rupee has appreciated against the US dollar. Above all, the foreign exchange reserves of SBP, a key source of concern for some time, have increased noticeably. 
All-in-all confidence in the economy to rebound seems to have increased. This is visible in a marked improvement in various IBA-SBP survey-based indices capturing consumers’ confidence and perceptions of prevailing and expected economic conditions. 

State Bank of Pakistan | Isabel Felino | isabel.felino@tradingeconomics.com
3/17/2014 2:57:55 PM

RECENT RELEASES

Pakistan Leaves Rate on Hold in January
In its January, 2014 meeting, the State Bank of Pakistan decided to leave the policy rate unchanged at 10 percent, as the Board considers inflation expectations are lower than previously anticipated. Published on 2014-01-17

Pakistan Raises Benchmark Interest Rate to 10%
In its November meeting, The Central Board of Directors of SBP decided to increase the policy rate for the second time this year by 50 basis points to 10 percent and in line with the IMF recommendations. Published on 2013-11-13


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


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Pakistan Inflation Rate Up To 8.5% in March  
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Trade deficit in Pakistan decreased in February of 2014 to PKR -150 billion from PKR -151 billion a year earlier and PKR -218 billion in January of 2014. On a monthly basis, exports rose by PKR 10 billion and imports dropped by PKR 57 billion.
Pakistan Central Bank Leaves Benchmark Rate on Hold at 10%  
In its March 15th, 2014 meeting, Pakistan's Central Bank left the discount rate unchanged at 10 percent. Although consumer prices slowed for the third straight month in February and foreign exchange reserves increased noticeably, the economy still faces many challenges and a pro-active policy effort is required to continue to maintain the momentum.
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In December of 2013, Pakistan’s inflation rate slowed to an annual 9.2 percent, compared to 10.9 percent in the previous month, due to a slowdown in food prices. A year earlier, the inflation was recorded at 7.9 percent.
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In November of 2013, Pakistan trade deficit rose to PKR 198.6 billion, from PKR 150.5 billion in October and PKR 164.3 billion a year earlier, as purchases of petroleum and medical products boosted imports.
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In November of 2013, Pakistan annual inflation rate rose sharply to 10.9 percent, from 9.08 percent in September, boosted by higher food prices.
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