Real policy rate (policy rate minus CPI inflation)
Ex-post real policy rate = SBP policy rate at month-end − national CPI inflation (YoY) for the month (rates.policy.history − inflation.cpi.national.yoy.long). Derived by PakDataHub from official series.
Derived · PakDataHub method. Computed by PakDataHub from official series with a published formula (how the derived layer works). Ex-post real policy rate = SBP policy rate at month-end − national CPI inflation (YoY) for the month (rates.policy.history − inflation.cpi.national.yoy.long). Inputs: rates.reverse_repo, rates.policy_target, rates.policy, inflation.cpi.national.yoy, inflation.national_cpi_inflation_measure_year_year, industry.general_cpi_inflation_measure_year_year_2.
Latest · July 2026: 2.30 (%) — updated 31 Jul 2026
Change on period: +1.90 (+475.00%)
Recent observations
| Date | Value |
|---|---|
| 31 Jul 2026 | 2.30 |
| 30 Jun 2026 | 0.40 |
| 31 May 2026 | -0.20 |
| 30 Apr 2026 | 0.60 |
| 31 Mar 2026 | 3.20 |
| 28 Feb 2026 | 3.50 |
| 31 Jan 2026 | 4.70 |
| 31 Dec 2025 | 4.90 |
Full history back to 31 Jul 1965, CSV export and API access start with a free key.
About this series
Ex-post real policy rate = SBP policy rate at month-end − national CPI inflation (YoY) for the month (rates.policy.history − inflation.cpi.national.yoy.long). Derived by PakDataHub from official series.
Use cases
- Chart real policy rate (policy rate minus cpi inflation) and its full history in a dashboard or research note
- Price or discount cash flows off real policy rate (policy rate minus cpi inflation)
- Drive an ALM, treasury or rates model
- Pull real policy rate (policy rate minus cpi inflation) into your stack as JSON or CSV
Who uses this
- Fixed-income analyst
- Bank ALM / treasury
- Quant researcher
- Corporate CFO
Metadata
| Series ID | rates.real.policy |
|---|---|
| Source | PakDataHub (derived from official series) |
| Unit | % |
| Frequency | Monthly |
| First observation | 31 Jul 1965 |
| Last observation | 31 Jul 2026 |
| Tier | basic |
Fetch it
curl -H "X-API-Key: pk_live_xxx" \
"https://api.pakdatahub.com/v1/series/rates.real.policy"JSON by default; add ?format=csv for CSV, from/to to filter dates, or transform=yoy|mom|pct_change|3ma|index for server-side transforms. See the series endpoint docs and pricing.
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FAQ
What is Real policy rate (policy rate minus CPI inflation)?
Ex-post real policy rate = SBP policy rate at month-end − national CPI inflation (YoY) for the month (rates.policy.history − inflation.cpi.national.yoy.long). Derived by PakDataHub from official series.
Does PakDataHub have Pakistan interest-rate and yield data on Real policy rate (policy rate minus CPI inflation)?
Yes. Real policy rate (policy rate minus CPI inflation) is an official Pakistan interest-rate and yield time series (monthly, from PakDataHub) available on the PakDataHub API, covering 1965 to 2026. Query it as JSON or CSV at /v1/series/rates.real.policy, with server-side transforms (YoY, index, % change).
How far back does Real policy rate (policy rate minus CPI inflation) go?
PakDataHub carries Real policy rate (policy rate minus CPI inflation) covering 1965 to 2026, updated on a monthly basis from PakDataHub.
How do I get Real policy rate (policy rate minus CPI inflation) via the API?
Call GET /v1/series/rates.real.policy with your API key. Add ?format=csv for a download, or filter by date with from/to.