Rwanda Lending Rate
Lending interest rate FR.INR.LEND
Rwanda's lending rate was 15.96% in 2025, ranked 17th globally. This represents a 0.3% decrease from 2024. Data from World Bank, covering 1996–2025.
Overview
Rwanda's lending rate stood at 15.96% in 2025, a decline of +0.05pp from 2024. Based on recent trends, this figure is projected to reach 15.96% by 2025. Rwanda ranked 17th globally.
Rwanda's lending rate has exhibited a mixed trend over the past three decades. At its peak in 1996, the lending rate reached a high of 18.26%, indicating a period of high interest rates in the post-genocide era. However, this rate began to decline, reaching a trough of 15.72% in 1998. Since then, the lending rate has generally trended upwards, with some fluctuations. As of 2025, the lending rate stands at 15.96%, ranking Rwanda 17th globally. For comparison, Hungary, a peer country, has a slightly higher lending rate of 16.00%. The lending rate in Rwanda remains significantly higher than that in South Sudan, which stands at 15.14%. The trend suggests that Rwanda's lending rate may remain high in the near term, influenced by factors such as monetary policy and economic growth. A significant decrease in inflation or a substantial improvement in economic conditions could potentially alter this trajectory.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 15.81% | - | - |
| 2026* trend | 15.89% | - | - |
| 2025* trend | 15.96% | - | - |
| 2025 | 15.96% | −0.05pp | #17 |
| 2024 | 16.02% | −0.04pp | #67 |
| 2023 | 16.06% | −0.33pp | #75 |
| 2022 | 16.39% | +0.21pp | #84 |
| 2021 | 16.18% | −0.17pp | #95 |
| 2020 | 16.35% | −0.18pp | #95 |
| 2019 | 16.53% | −0.42pp | #99 |
| 2018 | 16.95% | −0.22pp | #101 |
| 2017 | 17.17% | −0.12pp | #116 |
| 2016 | 17.29% | −0.04pp | #117 |
| 2015 | 17.33% | +0.07pp | #117 |
| 2014 | 17.26% | −0.06pp | #120 |
| 2013 | 17.32% | +0.62pp | #123 |
| 2012 | 16.70% | +0.03pp | #112 |
| 2011 | 16.67% | −0.33pp | #111 |
Detected Pattern
Analysis
Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Rwanda's lending rate was 15.96% in 2025. Ranked 17th globally. This represents a 0.3% decrease from the previous year.
Rwanda's lending rate peaked at 18.26% in 1996.
The lowest lending rate in Rwanda was 15.72% in 1998.
Rwanda ranks 17th globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Rwanda's lending rate is projected to reach 15.96% by 2025 based on trend extrapolation.
The lending rate of Rwanda in 2025 was 15.96%. This ranks 17th in the world.
Cite this page
@misc{historysaid_rwanda_lending-rate,
title = {Rwanda Lending Rate},
url = {https://historysaid.com/rwanda/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}