The Central Bank of Botswana slashed its benchmark interest rate by 50 bps to 4.25% during its April 2020 meeting to support the economy amid the challenging economic conditions posed by the Covid-19 pandemic. The Committee also reduced the primary reserve requirements ratio for commercial banks to 2.5%, and the prudential capital adequacy ratio to 12.5% from 15%, as a way to ease liquidity conditions and increase the availability of credit.
Interest Rate in Botswana averaged 9.15 percent from 2006 until 2020, reaching an all time high of 15.50 percent in June of 2008 and a record low of 4.25 percent in April 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 May of 2020. source: Bank of Botswana
Interest Rate in Botswana is expected to be 4.25 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 4.00 in 12 months time. In the long-term, the Botswana Interest Rate is projected to trend around 4.00 percent in 2021, according to our econometric models.