Deposit Interest Rate in Uganda decreased to 9.84 percent in April from 10.12 percent in March of 2020.

Deposit Interest Rate in Uganda averaged 11.90 percent from 1987 until 2020, reaching an all time high of 38.38 percent in September of 1992 and a record low of 3.54 percent in April of 2002. This page includes a chart with historical data for Deposit Interest Rate in Uganda. Deposit Interest Rate in Uganda - values, historical data and charts - was last updated on July of 2020. source: Bank of Uganda

Deposit Interest Rate in Uganda is expected to be 8.84 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 Uganda to stand at 7.84 in 12 months time. In the long-term, the Deposit Interest Rate in Uganda is projected to trend around 8.84 percent in 2021 and 9.34 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Uganda

Actual Previous Highest Lowest Dates Unit Frequency
9.84 10.12 38.38 3.54 1987 - 2020 percent Monthly

Uganda Money Last Previous Highest Lowest Unit
Interest Rate 7.00 8.00 23.00 7.00 percent [+]
Money Supply M2 19839.00 19500.90 19839.00 138.70 UGX Billion [+]
Money Supply M3 28176.50 27448.80 28176.50 138.70 UGX Billion [+]
Foreign Exchange Reserves 3163.56 3275.48 3654.45 5.10 USD Million [+]
Loans to Private Sector 17032.46 16743.81 17032.46 244.22 SHS Billion [+]
Deposit Interest Rate 9.84 10.12 38.38 3.54 percent [+]
Money Supply M1 11553.40 11484.60 11553.40 912.60 UGX Billion [+]

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