The National Bank of Rwanda held its key repo rate steady at 5 percent during its February 2020 meeting, with the main purpose of continuing to support domestic demand amid low inflation. Urban inflation rate, the one at which the central bank looks in its policy decisions, dropped to 6.7 percent, after hitting an over 2-year high of 6.9 percent in November, and it is projected to remain within the benchmark band throughout 2020, despite going slightly above the 5 percent target. Policymakers also said that short-term indicators point to a sustained economic growth in the fourth quarter of 2019 and in 2020 at an average of 8.1 percent, boosted by manufacturing and tourism.
Interest Rate in Rwanda averaged 7.14 percent from 2005 until 2020, reaching an all time high of 9 percent in September of 2005 and a record low of 5 percent in May of 2019. 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 March of 2020. source: National Bank of Rwanda
Interest Rate in Rwanda 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 Rwanda to stand at 4.50 in 12 months time. In the long-term, the Rwanda Interest Rate is projected to trend around 4.00 percent in 2021, according to our econometric models.