Key data points
Last release
—
Observation period
Sep 26, 2025
Next release
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Forecast
—
Highest
27.00 % on Oct 31, 2000
Lowest
9.50 % on Aug 31, 2016
About Sierra Leone Interest Rate
In Sierra Leone, interest rates decisions are taken by the Bank of Sierra Leone’s Monetary Policy Committee. The BSL’s official interest rate is the monetary policy rate.
Related indicators
Frequently Asked Questions
Sierra Leone Interest Rate is 18.75% at the moment.
Last month Sierra Leone Interest Rate was 18.75%, and the month before it reached 21.75%.
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.