The National Bank of Rwanda kept its key interest rate unchanged at 4.5% during its February 2021 meeting. Policymakers said the current stance was still appropriate considering that inflation is projected to evolve below the medium-term target of 5% in 2021, and acknowledging the need to support the economic recovery. The bank said that short-term indicators point to a gradual recovery in the second half of 2020, which is expected to continue in 2021, supported by policy interventions to revive business activities, despite the uncertainty around COVID-19. The headline inflation is projected to be around the lower bound of 2% in 2021 owing to subdued inflationary pressures. source: National Bank of Rwanda

Interest Rate in Rwanda averaged 6.97 percent from 2005 until 2021, reaching an all time high of 9 percent in September of 2005 and a record low of 4.50 percent in March of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Interest Rate in Rwanda is expected to be 4.50 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 4.00 in 12 months time. In the long-term, the Rwanda Interest Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Rwanda Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 9.00 4.50 2005 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 11:20 AM 4.5% 5% 5%
2020-08-13 08:25 AM 4.5% 4.5% 4.5%
2020-11-12 08:15 AM 4.5% 4.5% 4%
2021-02-22 03:00 PM 4.5% 4.5% 4.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Rwanda Holds Key Interest Rate at 4.5%
The National Bank of Rwanda kept its key interest rate unchanged at 4.5% during its February 2021 meeting. Policymakers said the current stance was still appropriate considering that inflation is projected to evolve below the medium-term target of 5% in 2021, and acknowledging the need to support the economic recovery. The bank said that short-term indicators point to a gradual recovery in the second half of 2020, which is expected to continue in 2021, supported by policy interventions to revive business activities, despite the uncertainty around COVID-19. The headline inflation is projected to be around the lower bound of 2% in 2021 owing to subdued inflationary pressures.
2021-02-22
Rwanda Leaves Key Interest Rate Steady at 4.5%
The National Bank of Rwanda left its key repo rate unchanged at 4.5 percent during its November 2020 meeting. Policymakers said the current stance was appropriate considering that inflation is projected to decelerate from the last quarter of the year onwards and the economy is seen recovering in the third quarter of 2020. The decision also aims to provide support to commercial banks to continue financing businesses and households affected by the pandemic crisis.
2020-11-12
Rwanda Holds Key Interest Rate at 4.5%
The National Bank of Rwanda left its key repo rate unchanged at 4.5 percent during its August 2020 meeting. Policymakers said the current stance was appropriate considering that inflation is projected to decelerate in the last quarter of the year and the economy is seen picking up in the second hallf of 2020. In addition, the decision aims to provide support to commercial banks to continue financing businesses and households affected by the pandemic crisis.
2020-08-13
Rwanda Cuts Key Interest Rate to 4.5%
The National Bank of Rwanda lowered its key repo rate by 50 bps to 4.5% during its April 2020 meeting, to protect the economy against the effects of the coronavirus pandemic. Policymakers said that the decision, along with other implemented policy measures taken in March will support commercial banks to continue financing the economy. The Committee noted that the Covid-19 outbreak in mid- March led to a significant slowdown in the services and industry sectors. Meanwhile, due to the significant decline in aggregate demand, inflation is seen decelerating to an average of 6% and 1% in 2020 and 2021, respectively.
2020-04-30

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.