The Bank of Cape Verde cut its rediscount rate to 1% during an unscheduled meeting in March 2020, as part of a broader package of measures that the central bank has taken to lessen the impact of the economic recession caused by the COVID-19 pandemic.
Interest Rate in Cape Verde averaged 7.99 percent from 1998 until 2020, reaching an all time high of 10.50 percent in February of 1998 and a record low of 1 percent in March of 2020. This page provides the latest reported value for - Cape Verde Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde Interest Rate - values, historical data and charts - was last updated on July of 2020.
Interest Rate in Cape Verde is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Cape Verde to stand at 1.00 in 12 months time. In the long-term, the Cape Verde Interest Rate is projected to trend around 1.00 percent in 2021, according to our econometric models.