The central bank of Sierra Leone decided to lift its main interest rate by 100bps to 17% during a meeting held in October of 2022, saying inflationary pressures remained elevated, and it is expected to remain high throughout the remaining months of 2022. Policymakers noted that Inflation eased to 28.15% in August from 29.47% in July but well above 10.9% a year ago. Meanwhile, the leone has weakened by 29.6% this year to the dollar. The central bank projects gross domestic product growth at 3.6% this year and 3.4% in 2023 as price factors impact output. source: Bank of Sierra Leone

Interest Rate in Sierra Leone averaged 18.71 percent from 2000 until 2022, reaching an all time high of 27 percent in October of 2000 and a record low of 9.50 percent in March of 2015. This page provides the latest reported value for - Sierra Leone Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sierra Leone Interest Rate - values, historical data and charts - was last updated on December of 2022.

Interest Rate in Sierra Leone is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sierra Leone Interest Rate is projected to trend around 18.00 percent in 2023 and 16.00 percent in 2024, according to our econometric models.

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Sierra Leone Interest Rate

Related Last Previous Unit Reference
Interest Rate 17.00 16.00 percent Oct 2022
Banks Balance Sheet 6718821.62 6628841.67 SLL Million Dec 2016
Deposit Interest Rate 11.00 9.00 percent Oct 2022
Lending Rate 20.00 18.00 percent Oct 2022
Money Supply M2 15290.05 15528.07 SLL Million Jun 2022
Money Supply M1 7383.32 7385.60 SLL Million Jun 2022
Interbank Rate 17.04 17.00 percent Jun 2022
Central Bank Balance Sheet 25565079.41 24859088.18 SLL Million Jun 2022

Sierra Leone Interest Rate
In Sierra Leone, interest rates decisions are taken by the Bank of Sierra Leone’s Monetary Policy Committee. The BSL’s official interest rate is the monetary policy rate.
Actual Previous Highest Lowest Dates Unit Frequency
17.00 16.00 27.00 9.50 2000 - 2022 percent Daily