The National Bank of Rwanda left its key interest rate unchanged at 4.5% during its November 2021, saying that the current stance remains adequate to support the economic recovery, while bringing inflation up to the medium-term target of 5%. Policymakers noted that the Rwandan economy continues to recover from the 2020 induced recession, supported by sizeable fiscal and monetary measures, and continued vaccine rollout. The current deflation was mostly attributed to the food and transport indexes, reflecting the good performance of agriculture seasons and a base effect from the pandemic-related transport price hike in 2020. Headline inflation is projected at 0.7% in 2021 and 5.4% in 2022 mainly due to the increase in imported costs and international commodity prices in 2021Q4. source: National Bank of Rwanda
Interest Rate in Rwanda averaged 6.85 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 December 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. In the long-term, the Rwanda Interest Rate is projected to trend around 3.75 percent in 2022 and 3.50 percent in 2023, according to our econometric models.