Bank of Sierra Leone Cuts Key Interest Rate to 18 75% to Spur Growth

The Bank of Sierra Leone (BSL) has cut its benchmark interest rate by three percentage points, lowering the cost of borrowing for businesses and individuals.
The decision, approved by the BSL Board of Directors on September 24, 2025, lowers the Monetary Policy Rate (MPR) to 18.75 percent. The move was recommended by the bank’s Monetary Policy Committee (MPC) following a meeting on September 23, chaired by Governor Dr. Ibrahim L. Stevens.