Deposit Interest Rate in Algeria remained unchanged at 1.75 percent in December from 1.75 percent in November of 2019. Deposit Interest Rate in Algeria averaged 4.66 percent from 1980 until 2019, reaching an all time high of 17 percent in January of 1995 and a record low of 1.75 percent in April of 2005.

Deposit Interest Rate in Algeria is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Algeria to stand at 2.00 in 12 months time. In the long-term, the Deposit Interest Rate in Algeria is projected to trend around 1.75 percent in 2020, according to our econometric models.

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Deposit Interest Rate in Algeria

Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.75 17.00 1.75 1980 - 2019 percent Monthly

Deposit Interest Rate in Algeria
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.

Algeria Money Last Previous Highest Lowest Unit
Interest Rate 3.75 3.75 21.00 2.75 percent [+]
Deposit Interest Rate 1.75 1.75 17.00 1.75 percent [+]
Foreign Exchange Reserves 88609.00 94529.00 194961.00 88609.00 USD Million [+]