The Central Bank of Botswana left its benchmark interest rate steady at 4.75% during its February 2020 meeting, saying it will continue with an accommodative monetary policy stance to support growth. Headline inflation remained low at 2.2 percent in January, standing below the Bank’s objective range of 3-6% while the economy grew 3.1% in Q3 2019, the slowest expansion in two years, amid declines in agriculture and mining.
Interest Rate in Botswana averaged 9.23 percent from 2006 until 2020, reaching an all time high of 15.50 percent in June of 2008 and a record low of 4.75 percent in August of 2019. 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 2020. source: Bank of Botswana
Interest Rate in Botswana is expected to be 4.75 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 2020, according to our econometric models.