The National Bank of Rwanda kept its key interest rate unchanged at 4.5% during its August 2021 meeting to continue supporting the economic recovery efforts in a context of low inflationary pressures. Policymakers noted that the domestic economy continues to recover from the 2020 recession caused by the Covid-19 pandemic as a result of sizeable fiscal and monetary measures. Rwanda's real GDP grew 3.5% in the first quarter of 2021, after three consecutive quarters of contraction; and the recovery is expected to gain pace. Meanwhile, inflation is projected to evolve below 2% in 2021, before rising to around 5% in 2022. source: National Bank of Rwanda
Interest Rate in Rwanda averaged 6.92 percent from 2005 until 2021, reaching an all time high of 9 percent in September of 2005 and a record low of 4.50 percent in March of 2020. This page provides the latest reported value for - Rwanda Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Rwanda Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Interest Rate in Rwanda is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda Interest Rate is projected to trend around 3.75 percent in 2022 and 3.50 percent in 2023, according to our econometric models.