Rwanda interest rateRwanda interest rateRwanda interest rate

Rwanda interest rate

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Key data points


Last release
Observation period
Nov 21, 2024
Next release
Forecast
Highest
9.00% on Nov 30, 2009
Lowest
4.50% on Jan 31, 2022

About Rwanda interest rate


Category
Money
Frequency
Daily
Units
%
In Rwanda interest rates decisions are taken by the National Bank of Rwanda. The official interest rate is the Key Repo Rate.

Frequently Asked Questions


Rwanda interest rate is 6.5% at the moment.
Last month Rwanda interest rate was 6.5%, and the month before that it amounted to 6.5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.