Key data points
Last release
—
Observation period
Dec 16, 2024
Next release
—
Forecast
—
Highest
22.00 % on May 31, 2024
Lowest
5.75 % on Dec 31, 2017
About Pakistan interest rate
In Pakistan, interest rates decisions are taken by the State Bank of Pakistan. On 23rd of May, 2015 the discount ceiling rate was replaced by a new official interest rate, the SBP Policy rate.
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Frequently Asked Questions
Pakistan interest rate is 13% at the moment.
Last month Pakistan interest rate was 13%, and the month before that it amounted to 15%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.