Deposit Interest Rate in Zimbabwe remained unchanged at 8 percent in July from 8 percent in June of 2019. Deposit Interest Rate in Zimbabwe averaged 20.09 percent from 1980 until 2019, reaching an all time high of 203.38 percent in December of 2006 and a record low of 3.52 percent in December of 1980.

Deposit Interest Rate in Zimbabwe is expected to be 8.00 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 Zimbabwe to stand at 8.00 in 12 months time. In the long-term, the Zimbabwe Deposit Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Zimbabwe Deposit Interest Rate
Forecast Data Chart
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Zimbabwe Money Last Previous Highest Lowest Unit
Interest Rate 70.00 50.00 70.00 15.00 percent [+]
Money Supply M1 15267021.00 13167336.00 15267021.00 216333.00 USD Thousands [+]
Money Supply M2 16907867.00 14596223.00 16907867.00 297563.00 USD Thousands [+]
Money Supply M3 17076036.00 14767891.00 17076036.00 297626.00 USD Thousands [+]
Lending Rate 35.00 22.00 35.00 16.00 percent [+]
Banks Balance Sheet 22962.90 20146.80 22962.90 601.60 USD Million [+]

Zimbabwe Deposit Interest Rate

In Zimbabwe, deposit rates depict the range of rates quoted by banks. In May 2017 banks have adjusted their costs of holding deposits following the call by the Reserve Bank of Zimbabwe to reduce lending rates. This page includes a chart with historical data for Deposit Interest Rate in Zimbabwe. Zimbabwe Deposit Interest Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 203.38 3.52 1980 - 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