The Central Bank of Botswana raised its benchmark interest rate by 50bps to 2.15% during its June 2022 meeting, in a move aimed at anchoring entrenched inflation expectations. The annual inflation rate in Botswana hit 11.9% in May of 2022, the highest level since January 2009, amid a weaker pula and due to soaring prices of transport powered by the recent adjustment in fuel pump prices. The bank said inflation was expected to remain elevated in the short term, though to fall to within its 3-6% objective in the third quarter of 2023. source: Bank of Botswana
Interest Rate in Botswana averaged 9.98 percent from 1976 until 2022, reaching an all time high of 15.50 percent in July of 2008 and a record low of 1.65 percent in April of 2022. This page provides - Botswana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Botswana Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Interest Rate in Botswana is expected to be 2.15 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Botswana Interest Rate is projected to trend around 4.50 percent in 2023 and 4.25 percent in 2024, according to our econometric models.