The benchmark interest rate in Seychelles was last recorded at 3 percent.

Interest Rate in Seychelles averaged 4.79 percent from 2019 until 2020, reaching an all time high of 5.50 percent in February of 2019 and a record low of 3 percent in July of 2020. This page provides the latest reported value for - Seychelles Average Prime Lending Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Seychelles Monetary Policy Rate - values, historical data and charts - was last updated on October of 2020.

Interest Rate in Seychelles is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Seychelles to stand at 4.00 in 12 months time. In the long-term, the Seychelles Monetary Policy Rate is projected to trend around 4.50 percent in 2021 and 5.00 percent in 2022, according to our econometric models.

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Seychelles Monetary Policy Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 5.50 3.00 2019 - 2020 percent Daily

Seychelles Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 5.50 3.00 percent [+]
Banks Balance Sheet 28306.38 27632.64 28306.38 4818.90 SCR Million [+]
Deposit Interest Rate 3.58 3.29 10.00 2.08 percent [+]
Lending Rate 11.60 11.74 16.36 10.49 percent [+]
Loans To Private Sector 3000.00 2961.00 3000.00 1452.50 SCR Million [+]
Money Supply M1 5954.00 5834.00 5954.00 1179.90 SCR Million [+]
Money Supply M2 12339.60 12343.40 12343.40 3712.78 SCR Million [+]
Money Supply M3 21665.80 21877.00 21877.00 4347.58 SCR Million [+]
Foreign Exchange Reserves 566.94 585.79 609.64 1.06 USD Million [+]
Cash Reserve Ratio 13.00 13.00 13.00 13.00 percent [+]
Central Bank Balance Sheet 12328.13 12260.83 12535.51 989.49 SCR Million [+]

Seychelles Monetary Policy Rate
In January 2019, the Central Bank of Seychelles' monetary policy framework transitioned from reserve money targeting to an interest rate-based framework whereby the focus of monetary policy shifted from indirectly influencing the intermediate target of money supply growth to guiding short term interest rates. This was done through the introduction of a Monetary Policy Rate (MPR). Until then, the Central Bank of Seychelles did not define a benchmark interest rate.