The Central Bank of Botswana slashed its benchmark interest rate by 50 bps to 3.75% during its regular October 2020 meeting. The decision aims to support the economy amid the impact of the global pandemic and comes against a backdrop of low inflationary pressures. The economy plunged at a record 24% in the second quarter, mainly attributable to the adverse effects of a nationwide lockdown to curb the Covid-19 pandemic. Meanwhile, headline inflation remained steady at 1% in August and well below the lower bound of the Bank’s objective range of 3-6%. source: Bank of Botswana
Interest Rate in Botswana averaged 9.06 percent from 2006 until 2020, reaching an all time high of 15.50 percent in June of 2008 and a record low of 3.75 percent in October of 2020. This page provides - Botswana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Botswana Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Interest Rate in Botswana is expected to be 3.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Botswana to stand at 2.75 in 12 months time. In the long-term, the Botswana Interest Rate is projected to trend around 2.75 percent in 2021 and 2.50 percent in 2022, according to our econometric models.