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.
Interest Rate in Botswana averaged 9.09 percent from 2006 until 2020, reaching an all time high of 15.50 percent in June of 2008 and a record low of 4.25 percent in April 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 September of 2020. source: Bank of Botswana
Interest Rate in Botswana is expected to be 4.25 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 4.00 in 12 months time. In the long-term, the Botswana Interest Rate is projected to trend around 4.00 percent in 2021, according to our econometric models.