The Central Bank of Botswana kept its benchmark interest rate unchanged at 3.75% during its regular February 2021 meeting, after slashing it by 50 bps in October. The decision is meant to continue supporting the economy amid the impact of the global pandemic and comes against a backdrop of low inflationary pressures. Policymakers said the economy is estimated to have performed better in the fourth quarter of 2020 compared to the third quarter amid the easing lockdown restrictions. Meantime, it was noted that inflation rose marginally to 2.3% in January of 2021 from 2.2%, still remaining below the lower bound of the Bank’s medium-term objective range of 3-6%. source: Bank of Botswana
Interest Rate in Botswana averaged 8.95 percent from 2006 until 2021, reaching an all time high of 15.50 percent in June of 2008 and a record low of 3.75 percent in October of 2020. 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 April of 2021.
Interest Rate in Botswana is expected to be 3.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Botswana to stand at 2.75 in 12 months time. In the long-term, the Botswana Interest Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.