The benchmark interest rate in Botswana was last recorded at 2.15 percent. source: Bank of Botswana

Interest Rate in Botswana averaged 9.97 percent from 1976 until 2022, reaching an all time high of 15.50 percent in July of 2008 and a record low of 1.65 percent in April of 2022. This page provides - Botswana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Botswana Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Interest Rate in Botswana is expected to be 2.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Botswana Interest Rate is projected to trend around 4.50 percent in 2023 and 4.25 percent in 2024, according to our econometric models.

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Botswana Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-10-21 10:15 AM 3.75% 3.75% 3.75%
2021-12-02 10:15 AM 3.75% 3.75% 3.75%
2022-02-24 10:10 AM 3.75% 3.75% 4.25%
2022-08-25 10:00 AM 2.15% 2.65%
2022-10-20 10:00 AM
2022-12-01 10:00 AM


Related Last Previous Unit Reference
Interest Rate 2.15 2.15 percent Jun 2022
Banks Balance Sheet 108954.00 108590.50 BWP Million Jan 2022
Money Supply M3 96776.56 95351.10 BWP Million May 2022
Money Supply M2 96776.56 95351.10 BWP Million May 2022
Central Bank Balance Sheet 57443.88 57745.93 BWP Million May 2022
Foreign Exchange Reserves 4660.80 4660.37 USD Million May 2022
Money Supply M1 23547.63 24032.08 BWP Million May 2022
Loans To Private Sector 24764.76 24464.61 BWP Million May 2022
Lending Rate 5.76 5.76 percent May 2022

Botswana Interest Rate
In Botswana, interest rates decisions are taken by The Bank of Botswana. The official interest rate is the Bank Rate.
Actual Previous Highest Lowest Dates Unit Frequency
2.15 2.15 15.50 1.65 1976 - 2022 percent Daily

News Stream
Botswana Holds Key Interest Rate at 3.75%
The Central Bank of Botswana left its benchmark interest rate steady at a record low of 3.75% during its February 2022 meeting, saying that short-term high inflation should be transitory. Botswana’s annual inflation rate quickened to 10.6% in January of 2022 from 8.7% in the previous month, reaching the highest rate since March of 2009.
2022-02-24
Botswana Holds Interest Rate Unchanged at 3.75%
The Central Bank of Botswana left its benchmark interest rate steady at a record low of 3.75% during its December 2021 meeting. The decision is aimed at continuing to support the domestic recovery against a backdrop of strong inflationary pressures and uncertainty posed by the new Omicron Covid-19 variant. The headline inflation rate rose to 8.8% in October, from 8.4% in September, remaining close to nine-year highs and well above the upper bound of the Bank's medium-term objective range of 3-6%. The bank raised inflation forecasts for 2021 to 6.9% (previously seen at 6.7%) and for 2022 to 7% (previously at 6.1%). The economy is projected to operate below full capacity in the short to medium term and, therefore, not creating any demand-driven inflationary pressures, going forward.
2021-12-02
Botswana Holds Key Interest Rate at 3.75%
The Central Bank of Botswana left its benchmark interest rate steady at a record low of 3.75% during its September 2021 meeting. Policymakers said that risks to the inflation outlook are assessed to be skewed to the upside, but moderated by the possibility of weak domestic and global economic activity, amid the uncertainty around the Covid-19 pandemic. The Committee noted that the inflation rate fell to 8.4% in September from an over nine-year high of 8.8% in August, although remaining above the upper bound of the Bank's medium-term objective range of 3-6%. However, inflation is projected to revert to within the objective range in the second quarter of 2022, mainly on account of the dissipating impact of the recent upward adjustment in value-added tax (VAT) and administered prices from the inflation calculation. Meanwhile, the economy is projected to operate below full capacity in the short to medium term and, therefore, not creating any demand-driven inflationary pressures.
2021-10-21