Deposit Interest Rate in Tanzania increased to 7.50 percent in the third quarter of 2019 from 7.30 percent in the second quarter of 2019.

Deposit Interest Rate in Tanzania averaged 8.41 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. This page includes a chart with historical data for Deposit Interest Rate in Tanzania. Deposit Interest Rate in Tanzania - values, historical data and charts - was last updated on May of 2020.

Deposit Interest Rate in Tanzania is expected to be 5.15 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 2021, according to our econometric models.

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Deposit Interest Rate in Tanzania

Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.30 25.13 2.70 1974 - 2019 percent Quarterly

Tanzania Money Last Previous Highest Lowest Unit
Interest Rate 7.00 7.00 67.50 3.70 percent [+]
Banks Balance Sheet 36300615.50 35787346.90 36300615.50 10686881.50 TZS Million [+]
Money Supply M0 6876.60 7114.50 7963.80 463.86 TZS Billion [+]
Money Supply M1 12981.20 13339.50 13521.70 567.18 TZS Billion [+]
Money Supply M2 21032.50 21262.70 21280.30 907.46 TZS Billion [+]
Money Supply M3 28242.40 28417.00 28417.00 1184.41 TZS Billion [+]
Central Bank Balance Sheet 18672289.00 19256700.80 19256700.80 7370797.40 TZS Million [+]


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