The Central Bank of Botswana kept its benchmark interest rate unchanged at 5% on June 27th 2019, saying that the inflation outlook remains positive amid subdued domestic demand pressures and modest rise in foreign prices. Policymakers noted that inflation was below the lower bound of the target range of 3-6% in April (2.5%) and May 2019 (2.6%), mainly reflecting base effects associated with the increase in public transport fares and electricity tariffs in the second quarter of 2018. On the other hand, the economy is projected to operate close to, but below full capacity in the short to medium term; the GDP growth is expected to ease to 4.2% in 2019 from 4.5% in 2018. Interest Rate in Botswana averaged 9.42 percent from 2006 until 2019, reaching an all time high of 15.50 percent in June of 2008 and a record low of 5 percent in October of 2017.

Interest Rate in Botswana is expected to be 5.00 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 4.50 in 12 months time. In the long-term, the Botswana Interest Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Botswana Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-04 09:45 AM Interest Rate Decision 5% 5% 5%
2019-02-26 09:55 AM Interest Rate Decision 5% 5% 5%
2019-04-24 10:00 AM Interest Rate Decision 5% 5% 5%
2019-06-27 01:35 PM Interest Rate Decision 5% 5% 5%
2019-08-29 09:45 AM Interest Rate Decision 5% 5%
2019-10-31 09:45 AM Interest Rate Decision 5%
2019-12-05 09:45 AM Interest Rate Decision 5%


Botswana Money Last Previous Highest Lowest Unit
Interest Rate 5.00 5.00 15.50 5.00 percent [+]
Banks Balance Sheet 92627.30 92474.40 92627.30 14842.25 BWP Million [+]
Deposit Interest Rate 1.58 1.58 13.70 1.09 percent [+]
Lending Rate 6.50 6.50 16.50 6.50 percent [+]
Loans To Private Sector 22861.39 22506.68 23204.70 4374.30 BWP Million [+]
Money Supply M1 17588.73 17382.32 18161.50 6522.55 BWP Million [+]
Money Supply M2 81169.40 80981.14 81169.40 35697.50 BWP Million [+]
Money Supply M3 81169.40 80981.14 81169.40 35697.50 BWP Million [+]
Foreign Exchange Reserves 6843.00 6394.50 10346.00 5152.00 USD Million [+]
Central Bank Balance Sheet 74225.97 73814.94 89975.09 50627.34 BWP Million [+]


Botswana Interest Rate

In Botswana, interest rates decisions are taken by The Bank of Botswana. The official interest rate is the Bank Rate. This page provides - Botswana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Botswana Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 15.50 5.00 2006 - 2019 percent Daily




Country Last Previous
Argentina 58.71 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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