The National Bank of Rwanda kept its benchmark interest rate steady at 5.0 percent on August 14th 2019, to support domestic demand. Policymakers said that short-term indicators point to a sustained economic growth in the second quarter of the year, consistent with the projection of 7.8 percent growth in 2019. Meantime, inflation rose to an over one-year high of 1.6 percent in July, mainly due to lower food supply caused by drought conditions, and it is expected to average 2.0 percent in 2019. Interest Rate in Rwanda averaged 7.21 percent from 2005 until 2019, reaching an all time high of 9 percent in September of 2005 and a record low of 5 percent in May of 2019.

Interest Rate in Rwanda is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Rwanda to stand at 4.50 in 12 months time. In the long-term, the Rwanda Interest Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Rwanda Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-25 09:45 AM Interest Rate Decision 5.5% 5.5% 5.5%
2019-02-07 09:45 AM Interest Rate Decision 5.5% 5.5% 5.5%
2019-05-06 09:30 AM Interest Rate Decision 5% 5.5% 5.5%
2019-08-14 09:40 AM Interest Rate Decision 5% 5% 5%
2019-11-15 10:00 AM Interest Rate Decision 5% 5%


Rwanda Money Last Previous Highest Lowest Unit
Interest Rate 5.00 5.00 9.00 5.00 percent [+]
Interbank Rate 5.49 5.45 12.85 2.28 percent [+]
Deposit Interest Rate 5.39 5.95 11.01 5.00 percent [+]
Lending Rate 16.80 16.59 17.85 14.16 percent [+]
Money Supply M1 1007.50 1032.90 1032.90 79.50 RWF Billion [+]
Money Supply M2 1719.50 1731.90 1731.90 118.20 RWF Billion [+]
Money Supply M3 2206.30 2223.30 12749.90 148.20 RWF Billion [+]


Rwanda Interest Rate

In Rwanda interest rates decisions are taken by the National Bank of Rwanda. The official interest rate is the Key Repo Rate. This page provides the latest reported value for - Rwanda Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Rwanda Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 9.00 5.00 2005 - 2019 percent Daily




Country Last Previous
Argentina 82.79 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
India 5.40 Aug/19
Indonesia 5.25 Sep/19
China 4.20 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19


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