Africa-Press – Eswatini. The Central Bank of Eswatini (CBE) has reduced the discount rate from 7.0 per cent to 6.75 per cent.
This decision is expected to bring relief to individuals and businesses as banks are anticipated to lower their prime lending rate to 10.25 per cent until the next policy review.
Adding to this good news, headline inflation has slowed to 3.3 per cent in April 2025, down from 3.8 per cent in March. The CBE has also revised its inflation forecast for 2025 downward to 3.66 per cent, signalling stability and predictability in the cost of living.
On the economic activity front, Eswatini’s real quarterly GDP grew by 2.1 per cent in the final quarter of 2024, compared to 3.9 per cent the previous year. While the quarter-to-quarter growth rate dipped by 0.8 per cent, these adjustments reflect a maturing economy that is carefully navigating global challenges.
This measured approach by the CBE underscores a positive step forward, ensuring that Eswatini’s economy remains resilient and prepared for future growth.
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