The benchmark interest rate in Sudan was last recorded at 16.70 percent. Sudan Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Sudan averaged 12.31 percent from 2003 until 2019, reaching an all time high of 17.30 percent in October of 2003 and a record low of 7 percent in September of 2016. This page provides - Sudan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interest Rate in Sudan is expected to be 16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Sudan to stand at 15.00 in 12 months time. In the long-term, the Sudan Interest Rate is projected to trend around 16.00 percent in 2020, according to our econometric models.

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Sudan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.70 16.60 17.30 7.00 2003 - 2019 percent Daily

Sudan Interest Rate
In Sudan, there is no official central bank interest rate in order to ensure compatibility of financial practices with Islamic principles. Yet, the Murabaha Profits Margin Rate controlled by the Central Bank of Sudan is widely used by the Sudanese banks.