Afronomics dataset · Africa
Central-bank policy rates
The rate each central bank sets, read from the bank’s own website in its own words, beside what the same government paid at its latest one-year bill auction. When the bill sits well below the policy rate, the market expects cuts; well above, it expects rises or prices risk.
Today
Policy rate against the one-year bill
Highest policy rate first. The gap is the one-year bill minus the policy rate, in percentage points.
| Market | Rate, as the bank names it | Policy rate | Bank’s date | One-year bill | Gap |
|---|---|---|---|---|---|
| MalawiReserve Bank of Malawi | Policy Rate | 24.00% | Mar 2026 | 16.00%29 Sept 2026 | −8.00 |
| EgyptCentral Bank of Egypt | Overnight deposit ratecorridor to 20.00% (lending) | 19.00% | not shown | 25.67%29 Sept 2026 | +6.67 |
| GhanaBank of Ghana | Monetary Policy Rate | 14.00% | not shown | 9.83%28 Sept 2026 | −4.17 |
| ZambiaBank of Zambia | Monetary Policy Rate | 10.75% | 2026-09-30 | 10.00%1 Oct 2026 | −0.75 |
| MozambiqueBanco de Moçambique | Taxa MIMO | 9.25% | 30-09-2026 | 12.09%30 Sept 2026 | +2.84 |
| KenyaCentral Bank of Kenya | Central Bank Rate | 8.75% | 11/08/2026 | 9.04%5 Oct 2026 | +0.29 |
| South AfricaSouth African Reserve Bank | SARB Policy Rate | 7.25% | 2026-10-05 | 7.50%28 Sept 2026 | +0.25 |
| TanzaniaBank of Tanzania | Central Bank Rate | 6.25% | 3rd Quarter 2026 | 6.29%23 Sept 2026 | +0.04 |
Each policy rate is the figure on the central bank’s website when Afronomics read it (last read 5 Oct 2026); the bank’s date is the one it prints beside the rate, in its own format. Egypt sets a corridor: the overnight deposit rate is shown, with the lending rate beneath. One-year bill rates are each market’s latest 364-day auction from the T-bill monitor.
Not yet included, because the bank’s site loads the rate by script rather than printing it: Nigeria, Uganda.
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the central banks’ own websites” and a link to this page.
Afronomics (2026). African central-bank policy rates, compiled from the central banks’ own websites. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/rates/policy
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