Sierra Leone interest rate
- Policy rate
- 16.75%
- Apr 2026
- Last move
- −2.00 pt
- Dec 2025
- Inflation
- 15.7%
- Aug 2026
- 10-year bond yield
- –
- not available
The policy rate set by the central bank of Sierra Leone is 16.75% as of Apr 2026. Its most recent move: it cut its rate from 18.75% to 16.75% (Dec 2025). The rate is 2.00 percentage points lower than a year earlier. With consumer prices up 15.7% over the 12 months to Aug 2026, the real rate (policy rate minus inflation) is +1.1%: borrowing costs are above inflation.
Policy rate over the past two years
Apr 2026: 16.75%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Dec 2025 | Cut | 18.75% | 16.75% | −2.00 pt |
| Aug 2025 | Cut | 21.75% | 18.75% | −3.00 pt |
| Jul 2025 | Cut | 23.75% | 21.75% | −2.00 pt |
| Jun 2025 | Cut | 24.75% | 23.75% | −1.00 pt |
| Oct 2024 | Hike | 24.25% | 24.75% | +0.50 pt |
| Jun 2024 | Hike | 23.25% | 24.25% | +1.00 pt |
Changes between month-end rates. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Aug 2026: 15.7%
Other central banks in Africa
Source: IMF monetary statistics; inflation: IMF CPI. Updated daily. All central bank rates · Sierra Leone economy dashboard