The National Bank of Rwanda lowered its key repo rate by 50 bps to 4.5% during its April 2020 meeting, to protect the economy against the effects of the coronavirus pandemic. Policymakers said that the decision, along with other implemented policy measures taken in March will support commercial banks to continue financing the economy. The Committee noted that the Covid-19 outbreak in mid- March led to a significant slowdown in the services and industry sectors. Meanwhile, due to the significant decline in aggregate demand, inflation is seen decelerating to an average of 6% and 1% in 2020 and 2021, respectively.
Interest Rate in Rwanda averaged 7.06 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 August of 2020. source: National Bank of Rwanda
Interest Rate in Rwanda is expected to be 4.00 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 4.00 in 12 months time. In the long-term, the Rwanda Interest Rate is projected to trend around 3.50 percent in 2021, according to our econometric models.