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.

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Botswana Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.75 3.75 15.50 3.75 2006 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-08-20 10:00 AM 4.25% 4.25% 4.25%
2020-10-08 10:20 AM 3.75% 4.25% 4.25%
2020-12-03 10:15 AM 3.75% 3.75% 3.75%
2021-02-25 10:15 AM 3.75% 3.75% 3.25%
2021-04-29 10:15 AM 3.75%
2021-06-17 10:15 AM
2021-08-19 10:15 AM
2021-10-21 10:15 AM
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Botswana Leaves Key Interest Rate Steady at 3.75%
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%.
2021-02-25
Botswana Holds Key Interest Rate Steady at 3.75%
The Central Bank of Botswana left its benchmark interest rate unchanged at 3.75% during its regular December 2020 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 and modest demand. Headline inflation hit a six-month high of 2.2% in October but remained below the lower bound of the Bank’s objective range of 3-6%.
2020-12-03
Botswana Cuts Key Interest Rate to 3.75%
The Central Bank of Botswana slashed its benchmark interest rate by 50 bps to 3.75% during its regular September 2020 meeting. The decision aims to support the economy amid the impact of the global pandemic and comes against a backdrop of low inflationary pressures. The economy plunged at a record 24% in the second quarter, mainly attributable to the adverse effects of a nationwide lockdown to curb the Covid-19 pandemic. Meanwhile, headline inflation remained steady at 1% in August and well below the lower bound of the Bank’s objective range of 3-6%.
2020-10-08
Botswana Leaves Key Interest Rate Steady at 4.25%
The Central Bank of Botswana held its benchmark interest rate unchanged at 4.25% during its August 2020 meeting. The decision is meant to continue supporting the economy following the blow from the health crisis and associated lockdown, and comes against a backdrop of low inflationary pressures and modest demand. Headline inflation stood at a record low of 0.9 percent in July of 2020 and remaining below the lower bound of the Bank’s objective range of 3-6%, but it is projected to revert to within the objective range in the third quarter of 2021.
2020-08-20

Botswana Interest Rate
In Botswana, interest rates decisions are taken by The Bank of Botswana. The official interest rate is the Bank Rate.