The Central Bank of Botswana left its benchmark interest rate steady at a record low of 3.75% during its September 2021 meeting. Policymakers said that risks to the inflation outlook are assessed to be skewed to the upside, but moderated by the possibility of weak domestic and global economic activity, amid the uncertainty around the Covid-19 pandemic. The Committee noted that the inflation rate fell to 8.4% in September from an over nine-year high of 8.8% in August, although remaining above the upper bound of the Bank's medium-term objective range of 3-6%. However, inflation is projected to revert to within the objective range in the second quarter of 2022, mainly on account of the dissipating impact of the recent upward adjustment in value-added tax (VAT) and administered prices from the inflation calculation. Meanwhile, the economy is projected to operate below full capacity in the short to medium term and, therefore, not creating any demand-driven inflationary pressures. source: Bank of Botswana

Interest Rate in Botswana averaged 8.65 percent from 2006 until 2021, reaching an all time high of 15.50 percent in June of 2008 and a record low of 3.75 percent in October of 2020. 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 October of 2021.

Interest Rate in Botswana is expected to be 3.75 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 3.25 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Botswana Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-17 10:10 AM 3.75% 3.75% 3.75%
2021-08-19 10:15 AM 3.75% 3.75% 3.75%
2021-10-21 10:15 AM 3.75% 3.75% 3.75%
2021-12-02 10:15 AM 3.75% 3.75%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Botswana Holds Key Interest Rate at 3.75%
The Central Bank of Botswana left its benchmark interest rate steady at a record low of 3.75% during its September 2021 meeting. Policymakers said that risks to the inflation outlook are assessed to be skewed to the upside, but moderated by the possibility of weak domestic and global economic activity, amid the uncertainty around the Covid-19 pandemic. The Committee noted that the inflation rate fell to 8.4% in September from an over nine-year high of 8.8% in August, although remaining above the upper bound of the Bank's medium-term objective range of 3-6%. However, inflation is projected to revert to within the objective range in the second quarter of 2022, mainly on account of the dissipating impact of the recent upward adjustment in value-added tax (VAT) and administered prices from the inflation calculation. Meanwhile, the economy is projected to operate below full capacity in the short to medium term and, therefore, not creating any demand-driven inflationary pressures.
2021-10-21
Botswana Holds Key Interest Rate at 3.75%
The Central Bank of Botswana left its benchmark interest rate steady at a record low of 3.75% during its August 2021 meeting to continue supporting the domestic economy, while risks to the inflation outlook are assessed to be skewed to the upside. Policymakers noted that the annual headline inflation rate hit an over nine-year high of 8.9%, remaining above the upper bound of the Bank’s medium-term objective range of 3-6%, mainly due to the upward adjustment in domestic fuel prices. However, inflation is projected to revert to within the objective range in the second quarter of 2022, mainly on account of the dissipating impact of the recent upward adjustment in value-added tax (VAT) and administered prices from the inflation calculation. Meanwhile, it is projected that the economy will operate below full capacity in the short to medium term and, therefore, not creating any inflationary pressures, going forward.
2021-08-19
Botswana Holds Key Interest Rate Steady at 3.75%
The Central Bank of Botswana left its benchmark interest rate steady at a record low of 3.75% during its June 2021 meeting, where it has been since its meeting in October. The decision aims to continue supporting the economy, while risks to the inflation outlook are assessed to be skewed to the upside. The real GDP shrank by 7.9% in 2020, as Covid-19 restrictions hit both the mining and non-mining sectors; but the economy is estimated to have performed better in Q1 2021, amid the gradual easing of Covid-19 restrictions and vaccine rollouts. Meanwhile, the headline inflation rate climbed to an over 8-year high of 6.2% in May 2021, breaching the upper bound of the Bank’s medium-term target range of 3-6% for the first time since June 2013. Policymakers noted that the increase in inflation in May mainly reflects second-round effects of the recent upward adjustments in administered prices; but it is projected to revert to within the objective range in Q2 2022.
2021-06-17

Botswana Last Unit Reference Previous Highest Lowest
Interest Rate 3.75 percent Oct/21 3.75 15.50 3.75
Banks Balance Sheet 108683.90 BWP Million Jul/21 106350.10 108683.90 14842.25
Lending Rate 5.25 percent Aug/21 5.25 16.50 5.25
Foreign Exchange Reserves 4707.00 USD Million Jul/21 4666.00 10346.00 4666.00
Money Supply M3 91222.12 BWP Million Jun/21 92287.04 93670.82 35697.50
Central Bank Balance Sheet 52240.30 BWP Million Jun/21 52448.07 89975.09 50627.34
Money Supply M2 91222.12 BWP Million Jun/21 92287.04 93670.82 35697.50
Money Supply M1 24596.19 BWP Million Jun/21 23999.73 25167.06 6522.55
Loans To Private Sector 23102.98 BWP Million Jun/21 22566.17 23663.59 4374.33


Botswana Interest Rate
In Botswana, interest rates decisions are taken by The Bank of Botswana. The official interest rate is the Bank Rate.