Deposit Interest Rate in Australia decreased to 0.75 percent in May from 0.90 percent in April of 2020.

Deposit Interest Rate in Australia averaged 5.98 percent from 1981 until 2020, reaching an all time high of 17.25 percent in October of 1989 and a record low of 0.75 percent in May of 2020. This page includes a chart with historical data for Deposit Interest Rate in Australia. Deposit Interest Rate in Australia - values, historical data and charts - was last updated on July of 2020. source: Reserve Bank of Australia

Deposit Interest Rate in Australia is expected to be 0.75 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 Australia to stand at 0.75 in 12 months time. In the long-term, the Deposit Interest Rate in Australia is projected to trend around 0.75 percent in 2021 and 1.00 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Australia

Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.90 17.25 0.75 1981 - 2020 percent Monthly
NSA

Australia Money Last Previous Highest Lowest Unit
Interest Rate 0.25 0.25 17.50 0.25 percent [+]
Money Supply M0 194.10 137.19 194.10 4.09 AUD Billion [+]
Money Supply M1 1232.96 1189.25 1232.96 8.27 AUD Billion [+]
Money Supply M3 2298.60 2231.55 2298.60 10.19 AUD Billion [+]
Foreign Exchange Reserves 60813.00 63221.00 90562.00 1126.00 AUD Million [+]
Banks Balance Sheet 5510.55 4757.86 5510.55 322.97 AUD Billion [+]
Central Bank Balance Sheet 276371.00 271431.00 280864.00 30418.00 AUD Million [+]
Loans to Private Sector 1023.83 1019.15 1023.83 20.21 AUD Billion [+]
Deposit Interest Rate 0.75 0.90 17.25 0.75 percent [+]
Private Debt to GDP 205.30 205.30 209.60 120.50 percent [+]


Deposit Interest Rate in Australia
The Deposit Interest Rate in Australia refers to the average rate offered by major banks on three-month fixed deposits of 10,000 Australian dollars.