South Sudan's central bank cut its benchmark lending rate to 12% for 2022 from 15% in last year, intended to reduce the overall cost of financing extended to private sector by banks and other financial institutions. The Bank of South Sudan produces monetary policy statements twice a year. Normally at the end of the year (December) to provide direction for monetary policy stance for the next six months and the second statement is produced in June to cover the remaining months of the year. source: Central Bank of South Sudan
Interest Rate in South Sudan averaged 14.22 percent from 2019 until 2022, reaching an all time high of 15 percent in February of 2019 and a record low of 10 percent in July of 2020. This page provides - South Sudan Interest Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Sudan Central Bank Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Interest Rate in South Sudan is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Sudan Central Bank Rate is projected to trend around 10.00 percent in 2023, according to our econometric models.