Rwanda Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Rwanda's interest rate spread was 5.20% in 2025, ranked 48th globally. This represents a 8.5% decrease from 2024. Data from World Bank, covering 1996–2025.
Overview
Rwanda's interest rate spread stood at 5.20% in 2025, a decline of +0.48pp from 2024. Based on recent trends, this figure is projected to reach 5.20% by 2025. Rwanda ranked 48th globally.
Rwanda's interest rate spread has exhibited a downward trend over the past three decades, with the latest value standing at 5.20%, ranking 48th globally. This decline is particularly pronounced when compared to the country's all-time peak of 10.24% in 2010, a year that saw heightened economic uncertainty in the aftermath of the global financial crisis. The interest rate spread has also fallen significantly from its 1996 value of 7.24%, indicating a decrease in the gap between lending and deposit rates. Rwanda's interest rate spread is comparable to that of its peer countries, such as Bolivia, which has a similar value of 5.23%. The current low interest rate spread suggests a stable financial environment, favoring economic growth. A potential increase in monetary policy rates or a decline in economic growth could alter this trajectory, requiring policymakers to reassess their monetary policy stance and adjust interest rates accordingly.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 3.65% | - | - |
| 2026* trend | 4.43% | - | - |
| 2025* trend | 5.20% | - | - |
| 2025 | 5.20% | −0.48pp | #48 |
| 2024 | 5.69% | −0.72pp | #43 |
| 2023 | 6.41% | −2.31pp | #60 |
| 2022 | 8.72% | +0.60pp | #76 |
| 2021 | 8.13% | −0.58pp | #79 |
| 2020 | 8.70% | −0.18pp | #80 |
| 2019 | 8.88% | −0.56pp | #83 |
| 2018 | 9.44% | −0.02pp | #90 |
| 2017 | 9.46% | +0.08pp | #101 |
| 2016 | 9.38% | +0.28pp | #100 |
| 2015 | 9.09% | +0.08pp | #101 |
| 2014 | 9.02% | +1.62pp | #100 |
| 2013 | 7.39% | −0.46pp | #89 |
| 2012 | 7.86% | −1.06pp | #88 |
| 2011 | 8.92% | −1.32pp | #95 |
Detected Pattern
Analysis
Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Rwanda's interest rate spread was 5.20% in 2025. Ranked 48th globally. This represents a 8.5% decrease from the previous year.
Rwanda's interest rate spread peaked at 10.24% in 2010.
The lowest interest rate spread in Rwanda was 5.20% in 2025.
Rwanda ranks 48th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Rwanda's interest rate spread is projected to reach 5.20% by 2025 based on trend extrapolation.
The interest rate spread of Rwanda in 2025 was 5.20%. This ranks 48th in the world.
Cite this page
@misc{historysaid_rwanda_interest-rate-spread,
title = {Rwanda Interest Rate Spread},
url = {https://historysaid.com/rwanda/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}