Latest

Frontier Market Interest Rates

The table below shows the current interest rates in Frontier Markets, as well as any changes from their previous rate.

(last update: 6th August 2020)

Country

Rate

Last Change

Change Date

YTD Change

Argentina

38.00%

-2.00%

05-Mar-20

-17.00%

Bahrain

1.00%

-0.75%

16-Mar-20

-1.25%

Bangladesh

4.75%

-0.50%

29-Jul-20

-1.25%

Botswana

4.25%

-0.50%

30-Apr-20

-0.50%

Bulgaria

0.00%

-0.01%

29-Jan-16

0.00%

Croatia

2.50%

-2.50%

20-Oct-15

0.00%

Cyprus *

0.00%

-0.05%

10-Mar-16

0.00%

Estonia *

0.00%

-0.05%

10-Mar-16

0.00%

Ghana

14.50%

-1.50%

18-Mar-20

-1.50%

Iceland

1.00%

-0.75%

20-May-20

-2.00%

Iran

18.00%

0.20%

01-Oct-16

0.00%

Jamaica

0.50%

-0.25%

27-Aug-19

0.00%

Kazakhstan

9.00%

-0.50%

20-Jul-20

-0.25%

Kenya

7.00%

-0.25%

29-Apr-20

-1.50%

Kuwait

1.50%

-1.00%

16-Mar-20

-1.25%

Latvia *

0.00%

-0.05%

10-Mar-16

0.00%

Lebanon

4.53%

-1.23%

01-Jun-20

-5.86%

Lithuania *

0.00%

-0.05%

10-Mar-16

0.00%

North Macedonia

1.50%

-0.25%

13-May-20

-0.75%

Malta *

0.00%

-0.05%

10-Mar-16

0.00%

Mauritius

1.85%

-1.00%

16-Apr-20

-1.50%

Mongolia

9.00%

-1.00%

13-Apr-20

-2.00%

Morocco

1.50%

-0.50%

16-Jun-20

-0.75%

Namibia

4.00%

-0.25%

17-Jun-20

-2.50%

Nigeria

12.50%

-1.00%

28-May-20

-1.00%

Oman

1.75%

-0.25%

29-May-20

-0.75%

Romania

1.75%

-0.25%

29-May-20

-0.75%

Serbia

1.25%

-0.25%

11-Jun-20

-1.00%

Slovakia *

0.00%

-0.05%

10-Mar-16

0.00%

Slovenia *

0.00%

-0.05%

10-Mar-16

0.00%

Sri Lanka

4.50%

-1.00%

09-Jul-20

-2.50%

Tanzania

5.00%

-2.00%

01-May-20

-2.00%

Trinidad & Tobago

3.50%

-1.50%

17-Mar-20

-1.50%

Tunisia

6.75%

-1.00%

17-Mar-20

-1.00%

Uganda

7.00%

-1.00%

08-Jun-20

-2.00%

Ukraine

6.00%

-2.00%

11-Jun-20

-7.50%

Vietnam

4.50%

-0.50%

13-May-20

-1.50%

* rates set by the European Central Bank