Rwanda Interest Rate

The benchmark interest rate in Rwanda was last recorded at 7 percent. Interest Rate in Rwanda is reported by the National Bank of Rwanda. Interest Rate in Rwanda averaged 7.91 Percent from 2005 until 2014, reaching an all time high of 9 Percent in September of 2005 and a record low of 6 Percent in November of 2010. In Rwanda interest rates decisions are taken by the National Bank of Rwanda. The official interest rate is the Key Repo Rate. This page provides - Rwanda Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.00 7.00 9.00 6.00 7.00 | 2014/04 2005 - 2014 Percent Monthly

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Rwanda Interest Rate
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CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-07 07:30 AM Rwanda
Interest Rate Decision
7.0% 7.0% 7%
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 7.00 2014-03-25 7.00 9.00 6.00 7.00 2014-04-30 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

Rwanda Inflation Rate at 3.43 Percent  
The inflation rate in Rwanda was recorded at 3.43 percent in March of 2014. Inflation Rate in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Current Account to GDP at -10.50 Percent  
Rwanda recorded a Current Account deficit of 10.50 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda GDP Annual Growth Rate at 3.90 Percent  
The Gross Domestic Product (GDP) in Rwanda expanded 3.90 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Personal Income Tax Rate at 30.00 percent  
The Personal Income Tax Rate in Rwanda stands at 30 percent. Personal Income Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Interest Rate at 7.00 Percent  
The benchmark interest rate in Rwanda was last recorded at 7 percent. Interest Rate in Rwanda is reported by the National Bank of Rwanda.
Rwanda Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Rwanda stands at 30 percent. Corporate Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Rwanda stands at 18 percent. Sales Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Balance of Trade at -72088.00 Million RWF  
Rwanda recorded a trade deficit of 72088 Million RWF in September of 2013. Balance of Trade in Rwanda is reported by the National Bank of Rwanda.
Rwanda Current Account at -812.76 USD Million  
Rwanda recorded a Current Account deficit of 812.76 USD Million in 2012. Current Account in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Government Budget at -1.90 Percent of GDP  
Rwanda recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2011/2012 fiscal year. Government Budget in Rwanda is reported by the National Bank of Rwanda.
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