Deposit Interest Rate in Tanzania decreased to 7.15 percent in the first quarter of 2019 from 7.59 percent in the fourth quarter of 2018. Deposit Interest Rate in Tanzania averaged 8.43 percent from 1974 until 2019, reaching an all time high of 25.13 percent in the second quarter of 1995 and a record low of 2.70 percent in the second quarter of 2003.

Deposit Interest Rate in Tanzania is expected to be 7.15 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 Tanzania to stand at 5.15 in 12 months time. In the long-term, the Deposit Interest Rate in Tanzania is projected to trend around 5.15 percent in 2020, according to our econometric models.

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Deposit Interest Rate in Tanzania

Actual Previous Highest Lowest Dates Unit Frequency
7.15 7.59 25.13 2.70 1974 - 2019 percent Quarterly

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

Tanzania Money Last Previous Highest Lowest Unit
Interest Rate 7.00 7.00 67.50 3.70 percent [+]
Banks Balance Sheet 35542798.80 35076330.30 35615346.70 10686881.50 TZS Million [+]
Deposit Interest Rate 7.15 7.59 25.13 2.70 percent [+]
Money Supply M0 7411.20 7594.20 7963.80 463.86 TZS Billion [+]
Money Supply M1 13192.50 13105.50 13521.70 567.18 TZS Billion [+]
Money Supply M2 21067.70 20771.30 21067.70 907.46 TZS Billion [+]
Money Supply M3 28164.30 28050.90 28164.30 1184.41 TZS Billion [+]
Central Bank Balance Sheet 17918813.40 18107385.60 19095246.50 7370797.40 TZS Million [+]