The benchmark interest rate in Rwanda was last recorded at 6.75 percent. Interest Rate in Rwanda averaged 6.78 percent from 2005 until 2025, reaching an all time high of 9.00 percent in September of 2005 and a record low of 4.50 percent in March of 2020. source: National Bank of Rwanda

Interest Rate in Rwanda is expected to be 6.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda Interest Rate is projected to trend around 6.00 percent in 2026 and 5.00 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Interbank Rate 5.47 5.68 percent Jul 2025
Interest Rate 6.75 6.50 percent Aug 2025
Lending Rate 15.88 16.08 percent Jul 2025
Money Supply M1 2516.50 2445.40 RWF Billion Jun 2025
Money Supply M2 3677.00 3579.00 RWF Billion Jun 2025
Money Supply M3 5648.90 5558.80 RWF Billion Jun 2025



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.
Actual Previous Highest Lowest Dates Unit Frequency
6.75 6.50 9.00 4.50 2005 - 2025 percent Daily

News Stream
Rwanda Holds Rate for Third Meeting in a Row
The National Bank of Rwanda left its benchmark interest rate unchanged at 6.5% during its May 2025 meeting, marking the third consecutive meeting with no changes. Policymakers said the current stance was adequate to keep inflation within the bank's target while continuing to support economic growth. Inflation is projected to stay around 6.5% for the rest of the year, before declining to 3.9% in 2026, despite ongoing risks to the outlook.
2025-05-15
Rwanda Keeps Policy Rate Steady for 2nd Time
The National Bank of Rwanda left its benchmark interest rate unchanged at 6.5% during its February 2025 meeting, marking the second consecutive meeting with no changes. Policymakers said that inflation was expected to remain within the central bank's target range of 3%-8%. Meanwhile, the inflation forecast for this year was raised to around 6.5%, up from 5.8%, with a projection of 4.1% for the next year.
2025-02-13
Rwanda Holds Key Policy Rate at 6.5%
The National Bank of Rwanda kept its benchmark interest rate at 6.5% during its November 2024 meeting, following two consecutive 50-basis-point cuts in August and May. Policymakers stated that the decision was influenced by uncertainties in the agriculture sector's performance, emphasizing that the current policy stance would help maintain inflation within the 3%-8% target range. Inflation has remained below 6% this year, with the urban rate at 3.8% in October. Overall consumer price inflation was at 0.5% in October.
2024-11-21