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Indicator

Central Bank Policy Rate by African country

2026

The central bank's headline monetary policy rate.

Africa, 202616 of 54 countries
6.2%population-weighted average
Highest in 2026Nigeria · 23.0%Lowest in 2026Morocco · 2.3%Reported in 202616 of 54 countries surveyed
Click a country to pin it — pinned countries are named on the map. Hatching means no record.
Western Sahara — no separate recordTanzania — 6.3%Democratic Republic of the Congo — no dataSomalia — no dataKenya — 8.8%Sudan — no dataChad — no dataSouth Africa — 7.3%Lesotho — no dataZimbabwe — no dataBotswana — no dataNamibia — 6.8%Senegal — 3.0%Mali — 3.0%Mauritania — no dataBenin — 3.0%Niger — 3.0%Nigeria — 23.0%Cameroon — no dataTogo — 3.0%Ghana — 14.0%Cote d'Ivoire — 3.0%Guinea — no dataGuinea-Bissau — 3.0%Liberia — no dataSierra Leone — no dataBurkina Faso — 3.0%Central African Republic — no dataRepublic of the Congo — no dataGabon — no dataEquatorial Guinea — no dataZambia — no dataMalawi — no dataMozambique — no dataEswatini — no dataAngola — no dataBurundi — no dataMadagascar — no dataGambia — no dataTunisia — 7.0%Algeria — no dataEritrea — no dataMorocco — 2.3%Egypt — no dataLibya — no dataEthiopia — no dataDjibouti — no dataUganda — no dataRwanda — no dataSouth Sudan — no dataNigeria 23.0%Nigeria 23.0%EthiopiaEthiopiaKenya 8.8%Kenya 8.8%South Africa 7.3%South Africa 7.3%2026HIGHEST IN 2026Nigeria23.0%Ghana14.0%Kenya8.8%South Africa7.3%Tunisia7.0%LOWEST IN 2026Morocco2.3%Togo3.0%Senegal3.0%Niger3.0%Mali3.0%PINNEDEthiopiano dataOTHER ISLAND STATES · NOT DRAWNCabo Verdenot drawnno dataComorosnot drawnno dataMauritiusnot drawnno dataSao Tome and Principenot drawnno dataSeychellesnot drawnno data% per year · quintiles of the observed range2.3%3%3%6.3%7.3%23%no record
20142026
BCEAO, Central Bank of Tunisia, BEAC, Bank Al-Maghrib, Bank of Ghana, Bank of Namibia, Bank of Tanzania, Central Bank of Kenya, Central Bank of Nigeria and South African Reserve Bank · national statistics offices · the provider's own estimates where a country has not reportedCC BY 4.0
Countries

By region

Population-weighted, so a region’s figure is the share of its people, not the average of its countries.
Eastern Africa2 of 18 countries7.5%
Southern Africa2 of 5 countries7.0%
Western Africa10 of 16 countries6.1%
Northern Africa2 of 6 countries4.6%
Middle Africa0 of 9 countries—
Africaall 54 countries · 16 with a 2026 figure6.2%

What to know before you quote this

Specific to this series. For how we treat data generally, see methods.
38 countries have no usable 2026 recordNot a low value — no figure within the window. Algeria, Angola, Botswana, Burundi, Cabo Verde and 33 more are hatched on the map and blank in the table.
Certainty is judged year by yearA country can be Reported in one year and Modelled the next. The tag follows the year on the scrubber, so the 2026 assessment is not a verdict on the whole series.

About this data

Central Bank Policy RateThe central bank's headline monetary policy rate.
SourceBCEAO, Central Bank of Tunisia, BEAC, Bank Al-Maghrib, Bank of Ghana, Bank of Namibia, Bank of Tanzania, Central Bank of Kenya, Central Bank of Nigeria and South African Reserve Bank, with processing by Africa API
Unit% per year
Last updated2026-Q4
Next expected updateAd_hoc
Date range2025–2026
Coverage16 of 54 countries · 16 reported, 0 modelled, 38 with no usable figure

How the figure is made

ReportedA national statistics office or the original provider published the figure for that year directly. 16 countries did so for 2026 — the certainty shown on this page is that 2026 assessment, not a per-series one.ModelledNo direct figure that year. The provider’s own estimate, interpolation or projection stands in, and is marked as such wherever it appears.No dataNo usable figure within the window. Drawn hatched on the map and left blank in the table — not zero, and not filled in.

These three states are used the same way across every indicator on the site — how we treat certainty explains the full set and what we never do to a number.

Reuse and cite

Everything on this page is open under CC BY 4.0 — use it anywhere, including commercially, as long as Africa API and the original provider are credited. The provider’s own licence still applies to their data.

How to cite this page
Africa API (2026) — "Central Bank Policy Rate". Data adapted from BCEAO, Central Bank of Tunisia, BEAC, Bank Al-Maghrib, Bank of Ghana, Bank of Namibia, Bank of Tanzania, Central Bank of Kenya, Central Bank of Nigeria and South African Reserve Bank. Retrieved 18 Oct 2026 from africa-api.com/indicators/central-bank-rate
The request behind this view
GET /v1/data?metric_key=policy_rate_pct&year=2026&limit=100

Read next

The measures that explain this one.
EconomyGDPGross domestic product in current US dollars.EconomyGDP per CapitaGross domestic product divided by mid-year population, in current US dollars.EconomyInflation RateLatest year-on-year consumer price inflation.

Central Bank Policy Rate: most recent figure per country, highest to lowest

22 countries · each with its own period

The figures at the top of the page compare every country in the same year. This list takes each country’s newest figure instead, whatever its period, so the order can differ.

#CountryCentral Bank Policy RatePeriod
1Nigeria23%1 Sep 2026
2Ghana14%16 Oct 2026
3Kenya8.75%7 Oct 2026
4South Africa7.25%1 Sep 2026
5Tunisia7%16 Oct 2026
6Namibia6.75%12 Aug 2026
7Tanzania6.25%Q4 2026
8Cameroon4.5%15 Dec 2025
9Central African Republic4.5%15 Dec 2025
10Chad4.5%15 Dec 2025
11Equatorial Guinea4.5%15 Dec 2025
12Gabon4.5%15 Dec 2025
13Republic of the Congo4.5%15 Dec 2025
14Benin3%16 Mar 2026
15Burkina Faso3%16 Mar 2026
16Cote d'Ivoire3%16 Mar 2026
17Guinea-Bissau3%16 Mar 2026
18Mali3%16 Mar 2026
19Niger3%16 Mar 2026
20Senegal3%16 Mar 2026
21Togo3%16 Mar 2026
22Morocco2.25%19 Mar 2026
Which observations are included?
The ranking includes 22 of 54 countries with available observations for 2023 or later and within 2 years of the freshest result. Each figure shows its reporting period. Countries without an eligible observation are omitted.
Does a higher value mean a better result?
The ranking is sorted by value, from highest to lowest. The order does not rate a country's performance. Interpretation depends on the indicator and its definition.

Embed this ranking

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