Effect of Interest Rate on Economic Growth: Swaziland as a Case Study

This paper analysis the effect of interest rate on the economic growth of Swaziland’s economy. The data obtained and analyzed for this study were extracted from world bank data ranging from 1980-2016. The paper aims at determining the effect of inflation rate, deposit interest rate as well as exchange rate on the gross domestic product (GDP) of the country. The ex-post facto research design was selected for this research paper. By ex-post facto research design, it is a quasi-experimental study examining how an independent variable, present prior to the study in the participants affect a dependent variable. A t-test was used for hypothesis testing. For the analysis of data, multiple regression technique was used.