Guyana Interest Rate
The Bank of Guyana held its benchmark interest rate steady at 5% in August, matching July's rate. This decision supports economic stability and inflation control with annual inflation at 4.1% in July and expected around 4% for 2025. Strong economic growth exceeding 10%, fueled by oil and other sectors, also permits the current rate. The central bank is managing money supply to match non-oil GDP growth, preventing inflation. Guyana's record low interest rate was 5% in September 2015 and record high was 5% in September 2015.
Historical Data (2015-2025)
(in %)Guyana Interest Rate : Definition
The Interest Rate set by the Bank of Guyana is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.