The benchmark interest rate in Seychelles was last recorded at 2 percent. source: Central Bank of Seychelles

Interest Rate in Seychelles averaged 3.50 percent from 2019 until 2022, reaching an all time high of 5.50 percent in February of 2019 and a record low of 2.00 percent in July of 2021. This page provides the latest reported value for - Seychelles Average Prime Lending Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Seychelles Monetary Policy Rate - values, historical data and charts - was last updated on November of 2022.

Interest Rate in Seychelles is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Seychelles Monetary Policy Rate is projected to trend around 2.00 percent in 2023, according to our econometric models.

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Seychelles Monetary Policy Rate

Related Last Previous Unit Reference
Interest Rate 2.00 2.00 percent Oct 2022
Banks Balance Sheet 31646.60 32000.70 SCR Million Jul 2022
Foreign Exchange Reserves 638.46 639.82 USD Million Oct 2022
Lending Rate 9.15 9.09 percent Sep 2022
Money Supply M3 26003.00 25252.00 SCR Million Sep 2022
Money Supply M2 14117.00 14237.00 SCR Million Sep 2022
Money Supply M1 8045.00 8197.00 SCR Million Sep 2022
Cash Reserve Ratio 10.00 10.00 percent Sep 2022
Central Bank Balance Sheet 10882.02 10883.53 SCR Million Aug 2022
Loans to Private Sector 3000.00 2961.00 SCR Million Dec 2016

Seychelles Monetary Policy Rate
In January 2019, the Central Bank of Seychelles' monetary policy framework transitioned from reserve money targeting to an interest rate-based framework whereby the focus of monetary policy shifted from indirectly influencing the intermediate target of money supply growth to guiding short term interest rates. This was done through the introduction of a Monetary Policy Rate (MPR). Until then, the Central Bank of Seychelles did not define a benchmark interest rate.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 5.50 2.00 2019 - 2022 percent Daily