Key data points
Last release
—
Observation period
Aug 31, 2025
Next release
—
Forecast
—
Highest
34.00 % on Dec 31, 2003
Lowest
10.00 % on Apr 30, 2022
About Gambia Interest Rate
In Gambia, interest rates decisions are taken by the Central Bank of Gambia’s Monetary Policy Committee in its Monetary Policy Meetings. The CBG’s official interest rate is the policy rate.
Related indicators
Frequently Asked Questions
Gambia Interest Rate is 17% at the moment.
Last month Gambia Interest Rate was 17%, and the month before it reached 17%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.