5 Countries with Lowest Interest Rates

#3 Cape Verde

Interest Rate: 0.25%

Reference Month: October 2022

Cape Verde is a nation comprised of several islands in the central Atlantic Ocean. Like some other countries, Cape Verde has to deal with high inflation in 2022, with the country’s inflation rate rising from 5.4% in December of 2021 to 8.2% in October of 2022. Interest rates in the country remain low, however, with the benchmark rate at Cape Verde at 0.25% in October of 2022.