The National Bank of Rwanda left its key repo rate unchanged at 4.5 percent during its November 2020 meeting. Policymakers said the current stance was appropriate considering that inflation is projected to decelerate from the last quarter of the year onwards and the economy is seen recovering in the third quarter of 2020. The decision also aims to provide support to commercial banks to continue financing businesses and households affected by the pandemic crisis. source: National Bank of Rwanda
Interest Rate in Rwanda averaged 7.02 percent from 2005 until 2020, reaching an all time high of 9 percent in September of 2005 and a record low of 4.50 percent in March of 2020. This page provides the latest reported value for - Rwanda Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Rwanda Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Interest Rate in Rwanda 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 Rwanda to stand at 4.00 in 12 months time. In the long-term, the Rwanda Interest Rate is projected to trend around 4.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.