The benchmark interest rate in Cape Verde was last recorded at 0.25 percent. source: Banco de Cabo Verde

Interest Rate in Cape Verde averaged 3.44 percent from 2008 until 2021, reaching an all time high of 5.75 percent in January of 2012 and a record low of 0.25 percent in April of 2020. This page provides the latest reported value for - Cape Verde Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde Interest Rate - values, historical data and charts - was last updated on October of 2021.

Interest Rate in Cape Verde is expected to be 0.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Interest Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Cape Verde Interest Rate

Cape Verde Last Unit Reference Previous Highest Lowest
Interest Rate 0.25 percent Aug/21 0.25 5.75 0.25
Money Supply M0 1094928.00 CVE Million Jul/21 112460.80 1094928.00 87392.90
Money Supply M2 2020061.00 CVE Million Jul/21 205180.50 2020061.00 18495.60
Foreign Exchange Reserves 574448.00 CVE Million Jul/21 570895.00 574448.00 784.10
Loans to Private Sector 50795.30 CVE Million Dec/15 50727.80 50795.30 5872.90
Banks Balance Sheet 242053.23 CVE Million Aug/21 241495.66 242053.23 134797.80
Money Supply M1 925133.00 CVE Million Jul/21 92719.70 925133.00 47147.40

Cape Verde Interest Rate
In Cape Verde, interest rates decisions are taken by the Monetary Committee of the Bank of Cape Verde. The official rate is the Reference Rate.