Cameroon Interest Rate

The benchmark interest rate in Cameroon was last recorded at 3.25 percent. Interest Rate in Cameroon is reported by the Bank of Central African States. Interest Rate in Cameroon averaged 3.95 Percent from 2009 until 2014, reaching an all time high of 4.25 Percent in July of 2009 and a record low of 3.25 Percent in October of 2013. Cameroon is a member of the Economic and Monetary Community of Central Africa (CEMAC). In CEMAC, interest rates decisions are taken by the Bank of Central African States’ Monetary Policy Committee. The Bank of Central African States’ official rate is the prime lending rate. This page provides - Cameroon Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.25 3.25 4.25 3.25 3.25 | 2014/06 2009 - 2014 Percent Monthly

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Cameroon Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 3.25 2014-03-26 3.25 4.25 3.25 3.25 2014-06-30 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Cameroon Gold Reserves at 0.00 Tonnes  
Gold Reserves in Cameroon remained unchanged at 0 Tonnes in the fourth quarter of 2013 from 0 Tonnes in the third quarter of 2013. Gold Reserves in Cameroon is reported by the World Gold Council.
Cameroon Interest Rate at 3.25 Percent  
The benchmark interest rate in Cameroon was last recorded at 3.25 percent. Interest Rate in Cameroon is reported by the Bank of Central African States.
Cameroon Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Cameroon stands at 35 percent. Personal Income Tax Rate in Cameroon is reported by the Ministry of Finance.
Cameroon Corporate Tax Rate at 38.50 percent  
The Corporate Tax Rate in Cameroon stands at 38.50 percent. Corporate Tax Rate in Cameroon is reported by the General Direction of Taxes.
Cameroon Balance of Trade at -241.00 CFA Franc Billion  
Cameroon recorded a trade deficit of 241 CFA Franc Billion in the second quarter of 2012. Balance of Trade in Cameroon is reported by the Institut National de la Statistique du Cameroun.
Cameroon Current Account at -830.80 FCFA Billion  
Cameroon recorded a Current Account deficit of 830.80 FCFA Billion in 2009. Current Account in Cameroon is reported by the Institut National de la Statistique du Cameroun.
Cameroon Inflation Rate at 1.60 Percent  
The inflation rate in Cameroon was recorded at 1.60 percent in December of 2013. Inflation Rate in Cameroon is reported by the Institut National de la Statistique du Cameroun.
Cameroon Gdp Growth Rate at 2.00 Percent  
The Gross Domestic Product (GDP) in Cameroon expanded 2 percent in the third quarter of 2013 over the previous quarter. Gdp Growth Rate in Cameroon is reported by the Institut National de la Statistique du Cameroun.
Cameroon GDP Annual Growth Rate at 6.10 Percent  
The Gross Domestic Product (GDP) in Cameroon expanded 6.10 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Cameroon is reported by the Institut National de la Statistique du Cameroun.
Cameroon Government Budget at -3.50 Percent of GDP  
Cameroon recorded a Government Budget deficit equal to 3.50 percent of the country's Gross Domestic Product in 2012. Government Budget in Cameroon is reported by the Bank of Central African States.
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