The Central Bank of South Sudan slashed its benchmark interest rate by 300 bps to 10 percent during an unscheduled meeting on July 7th, aiming to support the economy hit by the coronavirus crisis and falling oil prices. Policymakers also reduced the cash reserve ratio to 10% from 15% to free up more liquidity to the banking sector and thus support economic activities and sectors hardest hit by the global pandemic.
Interest Rate in South Sudan averaged 14.42 percent from 2019 until 2020, reaching an all time high of 15 percent in February of 2019 and a record low of 10 percent in July of 2020. This page provides - South Sudan Interest Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Sudan Central Bank Rate - values, historical data and charts - was last updated on July of 2020.
Interest Rate in South Sudan is expected to be 13.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in South Sudan to stand at 13.00 in 12 months time. In the long-term, the South Sudan Central Bank Rate is projected to trend around 13.00 percent in 2021, according to our econometric models.