The central bank of Swaziland slashed its benchmark interest rate by 25bps to 3.75 percent during its July meeting, aiming to support the economy hit by the coronavirus pandemic. The government forecast in May that the economy would contract by 6.7 percent this year.
Interest Rate in Swaziland averaged 6.91 percent from 2005 until 2020, reaching an all time high of 11.50 percent in April of 2008 and a record low of 3.75 percent in July of 2020. This page provides - Swaziland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Swaziland Interest Rate - values, historical data and charts - was last updated on August of 2020.
Interest Rate in Swaziland is expected to be 3.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Swaziland to stand at 3.75 in 12 months time. In the long-term, the Swaziland Interest Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.