Skip to main content

Policy Rate

Retrieve central bank policy rate and historical policy rate movements.

GET/3.0/fi/policy-rate

Description​

This endpoint provides the current State Bank of Pakistan (SBP) policy rate and historical changes. The policy rate is the primary instrument of monetary policy and is used to infer short-term interest rate expectations and guide monetary policy transmission.

Request​

Authentication​

  • Type: Bearer Token
  • Required: Yes

Parameters​

This endpoint does not accept any query parameters.

Response​

Success Response (200)​

{
  "status": "ok",
  "data": [
    {
      "date": "2025-12-24",
      "value": 12.50,
    },
    {
      "date": "2025-11-15",
      "value": 13.00,
    },
    {
      "date": "2025-10-15",
      "value": 13.00,
    },
    {
      "date": "2025-09-16",
      "value": 13.50,
    }
  ]
}

Response Fields​

FieldTypeDescription
datestringDate of the policy rate record (YYYY-MM-DD format)
valuenumberPolicy rate value as a percentage

Error Responses​

For detailed Common Error responses, see the Error Handling.

Examples​

Get All Policy Rates​

curl -X GET "https://csapis.com/3.0/fi/policy-rate" \
  -H "Authorization: Bearer YOUR_API_TOKEN"

Use Cases​

  • Monetary Policy Analysis: Track central bank policy for macroeconomic analysis
  • Rate Forecasting: Use historical policy changes to inform rate forecasting
  • Pricing: Align internal lending and investment rates with central bank policy
  • Portfolio Hedging: Anticipate rate changes for hedging strategies
  • Economic Research: Analyze policy transmission mechanisms
  • Fixed Income Strategy: Inform bond duration and positioning decisions