Pakistan Interest Rate (ECONOMICS:PKINTR) — Historical Data and Chart

Overview

Key data points

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.

Pakistan interest rate reports history

Related indicators

Pakistan interest rate is 19.5% at the moment.

Last month Pakistan interest rate was 19.5%, and the month before that it amounted to 20.5%.

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.