The National Bank of Rwanda kept its key repo rate steady at 5.5 percent on September 25th 2018. Policymakers said the decision is based on the backdrop of positive macroeconomic conditions which are expected to continue going forward. The Committee added that the inflation rate remains low and and exchange rate pressures are moderate. The annual inflation rate fell to 0.6 percent in August from 1.4 percent in June, mainly due to lower cost of food and non-alcoholic beverages. Policymakers also said that the economic outlook remains positive and it is on track to achieve the initial annual growth estimate of 7.2 percent in 2018. The Committee noted that the economy grew 6.7 percent in the second quarter of the year compared to a 4.0 percent expansion in the same period of 2017 . Interest Rate in Rwanda averaged 7.33 percent from 2005 until 2018, reaching an all time high of 9 percent in September of 2005 and a record low of 5.50 percent in December of 2017.

Interest Rate in Rwanda is expected to be 5.50 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 5.00 in 12 months time. In the long-term, the Rwanda Interest Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.

Rwanda Interest Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-28 10:20 AM Interest Rate Decision 5.5% 5.5% 5.5%
2018-06-26 10:00 AM Interest Rate Decision 5.5% 5.5% 5.5%
2018-09-25 09:45 AM Interest Rate Decision 5.5% 5.5% 5.5%

Rwanda Money Last Previous Highest Lowest Unit
Interest Rate 5.50 5.50 9.00 5.50 percent [+]
Interbank Rate 5.48 5.57 12.85 2.28 percent [+]
Deposit Interest Rate 5.95 7.91 11.01 5.00 percent [+]
Lending Rate 16.79 17.15 17.85 14.16 percent [+]
Money Supply M1 883.70 858.70 883.70 79.50 RWF Billion [+]
Money Supply M2 1478.50 1473.10 1525.90 118.20 RWF Billion [+]
Money Supply M3 1940.70 1933.80 12749.90 148.20 RWF Billion [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.50 9.00 5.50 2005 - 2018 percent Daily

Country Last Previous
Argentina 57.25 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Jan/19
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18