Deposit Interest Rate in Zambia increased to 8.26 percent in August from 8.19 percent in July of 2019. Deposit Interest Rate in Zambia averaged 17.01 percent from 1978 until 2019, reaching an all time high of 111 percent in July of 1993 and a record low of 5.85 percent in May of 2013.

Deposit Interest Rate in Zambia is expected to be 8.19 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 Zambia to stand at 8.69 in 12 months time. In the long-term, the Deposit Interest Rate in Zambia is projected to trend around 7.69 percent in 2020, according to our econometric models.

Deposit Interest Rate in Zambia
Forecast Data Chart
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Zambia Money Last Previous Highest Lowest Unit
Interest Rate 10.25 10.25 15.50 9.00 percent [+]
Deposit Interest Rate 8.26 8.19 111.00 5.85 percent [+]
Money Supply M3 65472998.05 63668561.19 65472998.05 3661075.00 ZMK Million [+]
Foreign Exchange Reserves 1415.85 1342.99 3936.93 1342.99 USD Million [+]

Deposit Interest Rate in Zambia

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Zambia. Deposit Interest Rate in Zambia - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.26 8.19 111.00 5.85 1978 - 2019 percent Monthly

Country Last Previous
Argentina 53.07 Oct/19
Turkey 15.00 Sep/19
South Africa 6.98 Aug/19
Russia 5.27 Aug/19
Brazil 5.14 Jul/19
Indonesia 4.50 Sep/19
Mexico 3.70 Jul/19
Saudi Arabia 3.40 Oct/19
Canada 1.83 Oct/19
South Korea 1.81 Jul/19
Australia 1.35 Sep/19
United Kingdom 0.50 Sep/19
China 0.35 Sep/19
Singapore 0.20 Aug/19
Japan -0.41 Oct/19
Switzerland -0.41 Aug/19
Euro Area -0.50 Sep/19