Key data points
Last release
—
Observation period
Feb 2023
Next release
—
Forecast
—
Highest
28.30% on Feb 28, 2023
Lowest
7.00% on Sep 30, 2016
About Sudan Interest Rate
Related indicators
Frequently Asked Questions
Sudan Interest Rate is 28.3% at the moment.
Last month Sudan Interest Rate was 28.3%, and the month before that it amounted to 27.3%.
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.