Deposit Interest Rate in Mongolia decreased to 10 percent in September from 10.70 percent in May of 2020. source: Bank of Mongolia

Deposit Interest Rate in Mongolia averaged 29.02 percent from 1986 until 2020, reaching an all time high of 400 percent in December of 1991 and a record low of 9.80 percent in February of 2020. This page includes a chart with historical data for Deposit Interest Rate in Mongolia. Deposit Interest Rate in Mongolia - values, historical data and charts - was last updated on October of 2020.

Deposit Interest Rate in Mongolia is expected to be 12.96 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 Mongolia to stand at 8.50 in 12 months time. In the long-term, the Deposit Interest Rate in Mongolia is projected to trend around 10.96 percent in 2021 and 8.50 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Mongolia

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.70 400.00 9.80 1986 - 2020 percent Monthly

Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 8.00 9.00 15.00 6.40 percent [+]
Interbank Rate 8.95 10.96 15.96 5.96 percent [+]
Banks Balance Sheet 34689860.97 34970594.73 35859341.42 3295107.90 MNT Million [+]
Deposit Interest Rate 10.00 10.70 400.00 9.80 percent [+]
Money Supply M1 3426463.50 3466219.60 4180772.30 262113.50 MNT Million [+]
Money Supply M2 20231822.80 20451764.70 20833777.90 1145392.30 MNT Million [+]
Foreign Exchange Reserves 3652.00 3620.70 4371.30 326.00 USD Million [+]
Central Bank Balance Sheet 3525393.47 3944551.52 9277479.60 193448.70 MNT Million [+]

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