INTEREST RATE & SAVINGS

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Oct 17 - 23, 2011

INTEREST RATES

COUNTRY CURRENT RATE (%) PREVIOUS RATE (%) CHANGE
(%)
LAST CHANGE
Australia 4.75 4.50 0.25 Nov 02 2010
Canada 1 0.70 0.30 Sep 08 2010
China 6.56 6.30 0.26 Jul 06 2011
Denmark 0.75 1 -0.25 Jan 15 2010
Egypt 8.25 8.50 -0.25 Sep 22 2009
Hong Kong SAR 0.50 1 -0.50 Dec 17 2008
India 8 7.20 0.80 Jul 26 2011
Indonesia 6.75 6.50 0.25 Feb 04 2011
Israel 3.03 3.25 -0.22 Oct 01 2011
Japan 0.10 0 0.10 Dec 19 2008
Korea, Republic of 3.25 3 0.25 Jun 10 2011
Malaysia 2.75 2.50 0.25 Jul 08 2010
Mexico 4.50 4.75 -0.25 Jul 17 2010
New Zealand 2.50 3 -0.50 Mar 09 2011
Norway 2.25 2 0.25 May 12 2011
Philippines 4 4.25 -0.25 Jul 09 2009
South Africa 5.50 6 -0.50 Sep 10 2010
Sweden 1 0.70 0.30 Oct 26 2010
Switzerland 0 0.20% -0.20 Aug 03 2011
Taiwan 1.88 1.75% 0.13 Jul 01 2011
Thailand 2.50 2 0.50 Jan 12 2011
Turkey 5.75 6.20 -0.45 Aug 05 2011
United Kingdom 0.50 1 -0.50 Mar 05 2009
United States 0.25 1 -0.75 Dec 16 2008

PROFIT RATES - DEFENSE SAVING CERTIFICATES (DSC)

EFFECTIVE PERIOD RATE
(% P.A.)

PAYABLE AMOUNT (PRINCIPAL + PROFIT ) ON INVESTMENT OF EVERY RS.100,000/- ON COMPLETION OF

FROM TO 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR
Jul-04 Jun-05 8.20 104,000 109,000 115,000 120,000 130,000 139,000 150,000 166,000 189,000 219,000
Jul-05 Jun-06 9.46 105,000 112,000 119,000 128,000 138,000 150,000 163,000 183,000 211,000 247,000
Jun-06 Jun-07 10.03 106,000 113,000 121,000 130,000 140,000 154,000 171,000 192,000 222,000 260,000
Jun-07 Jun-08 10.15 107,000 116,000 126,000 138,000 151,000 166,000 184,000 206,000 232,000 263,000
Jun-08 Sep-10 12.15 108,000 118,000 129,000 142,000 158,000 177,000 201,000 230,000 265,000 315,000
Oct-10 Dec-10 12.60 108,000 117,000 128,000 140,000 158,000 180,000 210,000 245,000 285,000 327,630
Jan-11 Sep-11 13.55 108,000 117,000 128,000 142,000 160,000 183,000 213,000 251,000 298,000 356,000
Oct-11 Till date 12.68 107,000 115,000 125,000 138,000 155,000 176,000 202,000 235,000 277,000 330,000

BALANCE OF TRADE (US $ million)

PERIOD EXPORTS VALUE IMPORTS VALUE BALANCE OF TRADE
2005-06 16,553 24,994 -8,441
2006-07 17,278 26,989 -9,711
2007-08 20,427 35,397 -14,970
2008-09 19,121 31,747 -12,627
2009-10 19,673 31,209 -11,536
2010-11 25,439 35,727 -10,288

CPI, SPI AND WPI ON YEARLY BASIS

PERIOD % CHANGE OVER
CPI SPI WPI
2005-06 7.92 7.02 10.10
2006-07 7.77 10.82 6.94
2007-08 12.00 16.81 16.41
2008-09 20.77 23.41 18.19
2009-10 11.73 13.32 12.63
2010-11 13.92 18.18 23.35

PAKISTAN: INTEREST RATE SPREAD (%)

YEARS AVERAGE YIELD ON EARNING ASSETS AVERAGE COST OF INTEREST LIABILITIES SPREAD
(a) (b) (a-b)
CY98 14.0 8.5 5.4
CY99 12.7 7.7 5.0
CY00 11.3 6.6 4.7
CY01 11.2 6.1 5.1
CY02 8.7 4.3 4.5
CY03 5.7 2.0 3.8
CY04 5.0 1.5 3.5
CY05 7.5 2.6 5.0
CY06 9.1 3.9 5.2

INTEREST RATES IN PAKISTAN

DATE RATES (%)
30-Jan-10 12.5
27-Mar-10 12.5
24-May-10 12.5
2-Aug-10 13.00
30-Sep-10 13.5
30-Nov-10 14.00
1-Aug-11 13.5
9-Oct-11 12.00

INFLATION RATE IN PER CENT

LATEST 2010 2009 2008 2007
Bangladesh 10.96 8.28 8.51  -
India 8.99 9.47 14.97 9.7 5.51
Egypt 8.49 10.3 13.5 18.3 6.9
Sri Lanka 6.4 6.9 4.8 14.4 18.8
China 6.2 4.6 1.9 1.2 6.5
Turkey 6.15 6.4 6.53 10.1 8.39
Hong Kong 5.7 2.9 1.3 2.1 3.8
Singapore 5.7 4.6 -0.5 5.5 3.7
Saudi Arabia 4.7 5.4 4.25 8.98 6.47
United Kingdom 4.5 3.7 2.9 3.1 2.1
United States 3.8 1.5 2.7 0.1 4.1
Australia 3.6 2.7 2.1 3.7 3
Canada 3.1 2.4 1.3 1.2 2.4
Italy 3.1 1.9 1 2.2 2.6
Germany 2.4 1.7 0.8 1.1 3.1
France 2.2 1.8 0.9 1 2.6
United Arab Emirates 1.73 1.73 1.56 12.3 11.1
Japan 0.2 0 -1.7 0.4 0.70