The benchmark interest rate in Benin was last recorded at 4.50 percent. Interest Rate in Benin averaged 4.01 percent from 2010 until 2019, reaching an all time high of 4.50 percent in December of 2016 and a record low of 3.50 percent in September of 2013.

Interest Rate in Benin is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Benin to stand at 4.50 in 12 months time. In the long-term, the Benin Interest Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

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Benin Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 4.50 3.50 2010 - 2019 percent Daily

Benin Interest Rate
Benin is a member of the Economic and Monetary Community of West Africa (UEMOA). In UEMOA, interest rates decisions are taken by the Central Bank of West African States’ Monetary Policy Committee. The Central Bank of West African States’ official rate is the key interest rate.

Benin Money Last Previous Highest Lowest Unit
Interest Rate 4.50 4.50 4.50 3.50 percent [+]
Interbank Rate 6.46 5.76 7.35 3.75 percent [+]
Loans To Private Sector 1111255.00 1099183.00 1116234.00 321652.00 XOF Million [+]