Deposit Interest Rate in Australia decreased to 1.65 percent in July from 1.75 percent in June of 2019. Deposit Interest Rate in Australia averaged 6.09 percent from 1981 until 2019, reaching an all time high of 17.25 percent in October of 1989 and a record low of 1.65 percent in July of 2019.

Deposit Interest Rate in Australia is expected to be 1.85 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 1.85 in 12 months time. In the long-term, the Deposit Interest Rate in Australia is projected to trend around 2.35 percent in 2020, according to our econometric models.

Deposit Interest Rate in Australia
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Forecast Data Chart
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Australia Money Last Previous Highest Lowest Unit
Interest Rate 1.00 1.00 17.50 1.00 percent [+]
Money Supply M0 113.13 111.97 114.54 4.09 AUD Billion [+]
Money Supply M1 360.21 356.18 360.21 8.25 AUD Billion [+]
Interbank Rate 1.10 1.25 18.18 1.10 percent [+]
Money Supply M3 2157.45 2155.10 2157.45 10.19 AUD Billion [+]
Foreign Exchange Reserves 65280.00 77470.00 88457.00 1126.00 AUD Million [+]
Banks Balance Sheet 4483.06 4404.79 4483.06 322.97 AUD Billion [+]
Central Bank Balance Sheet 167452.00 171597.00 202663.00 30418.00 AUD Million [+]
Loans to Private Sector 962.36 956.26 962.36 20.21 AUD Billion [+]
Deposit Interest Rate 1.65 1.75 17.25 1.65 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. This page includes a chart with historical data for Deposit Interest Rate in Australia. Deposit Interest Rate in Australia - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.65 1.75 17.25 1.65 1981 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 55.49 Aug/19
Turkey 18.25 Jul/19
South Africa 7.03 May/19
Brazil 6.19 Mar/19
Russia 5.79 Jun/19
Indonesia 5.00 Jul/19
Mexico 3.73 May/19
Saudi Arabia 3.40 Aug/19
South Korea 1.97 May/19
Canada 1.81 Aug/19
Australia 1.65 Jul/19
United Kingdom 0.50 Aug/19
China 0.35 Jul/19
Singapore 0.20 Jun/19
Japan -0.26 Aug/19
Switzerland -0.33 Jun/19
Euro Area -0.40 Jul/19


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