The Central Bank of Botswana kept its benchmark interest rate unchanged at 4.75% on October 31st 2019, after a 25 bps cut in the previous meeting, to support growth in a context of low inflation. The headline inflation edged up to a seven-month high of 3% in September from 2.9 percent in the prior month but is projected to revert to within the objective range (3-6%) in the second quarter of 2020. Policymakers also noted that growth slowed in Q2 mainly due to mining but mentioned government projections which indicate that domestic economic activity will likely expand by 4.3% and 4.6% in 2019 and 2020, respectively, helped by government spending. Interest Rate in Botswana averaged 9.28 percent from 2006 until 2019, 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. 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 4.50 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.

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Botswana Interest Rate
Calendar GMT Actual Previous Consensus TEForecast
2019-04-24 10:00 AM Interest Rate Decision 5% 5% 5%
2019-06-27 01:35 PM Interest Rate Decision 5% 5% 5%
2019-08-29 09:50 AM Interest Rate Decision 4.75% 5% 5%
2019-10-31 10:00 AM Interest Rate Decision 4.75% 4.75% 4.75%
2019-12-05 09:45 AM Interest Rate Decision 4.75% 4.75%


Botswana Money Last Previous Highest Lowest Unit
Interest Rate 4.75 4.75 15.50 4.75 percent [+]
Banks Balance Sheet 96310.90 93752.90 96310.90 14842.25 BWP Million [+]
Deposit Interest Rate 1.51 1.59 13.70 1.09 percent [+]
Lending Rate 6.25 6.50 16.50 6.25 percent [+]
Loans To Private Sector 22749.74 22914.75 23204.70 4374.30 BWP Million [+]
Money Supply M1 18211.42 18247.93 18270.35 6522.55 BWP Million [+]
Money Supply M2 84683.83 81591.14 84683.83 35697.50 BWP Million [+]
Money Supply M3 84683.83 81591.14 84683.83 35697.50 BWP Million [+]
Foreign Exchange Reserves 6981.00 6765.00 10346.00 5152.00 USD Million [+]
Central Bank Balance Sheet 75388.29 72612.58 89975.09 50627.34 BWP Million [+]


Botswana Interest Rate

In Botswana, interest rates decisions are taken by The Bank of Botswana. The official interest rate is the Bank Rate. This page provides - Botswana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Botswana Interest Rate - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.75 4.75 15.50 4.75 2006 - 2019 percent Daily




Country Last Previous
Argentina 63.00 Nov/19 63
Turkey 14.00 Oct/19 16.5
Mexico 7.50 Nov/19 7.75
Russia 6.50 Nov/19 6.5
South Africa 6.50 Nov/19 6.5
India 5.15 Oct/19 5.4
Brazil 5.00 Oct/19 5.5
Indonesia 5.00 Nov/19 5
China 4.15 Nov/19 4.2
Saudi Arabia 2.25 Oct/19 2.5
Canada 1.75 Oct/19 1.75
United States 1.75 Oct/19 2
Singapore 1.64 Oct/19 1.72
South Korea 1.25 Oct/19 1.5
Australia 0.75 Nov/19 0.75
United Kingdom 0.75 Nov/19 0.75
Euro Area 0.00 Nov/19 0
France 0.00 Nov/19 0
Germany 0.00 Nov/19 0
Italy 0.00 Nov/19 0
Netherlands 0.00 Nov/19 0
Spain 0.00 Nov/19 0
Japan -0.10 Oct/19 -0.1
Switzerland -0.75 Nov/19 -0.75


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