Deposit Interest Rate in Madagascar remained unchanged at 13 percent in September from 13 percent in August of 2019. Deposit Interest Rate in Madagascar averaged 14.22 percent from 1989 until 2019, reaching an all time high of 24 percent in April of 1996 and a record low of 8 percent in April of 1998.

Deposit Interest Rate in Madagascar is expected to be 13.00 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 Madagascar to stand at 12.50 in 12 months time. In the long-term, the Deposit Interest Rate in Madagascar is projected to trend around 11.50 percent in 2020, according to our econometric models.

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Deposit Interest Rate in Madagascar

Actual Previous Highest Lowest Dates Unit Frequency
13.00 13.00 24.00 8.00 1989 - 2019 percent Monthly

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

Madagascar Money Last Previous Highest Lowest Unit
Interest Rate 9.50 9.50 33.00 7.00 percent [+]
Money Supply M3 11899.00 12042.00 12118.00 3606.00 MGA Billion [+]
Deposit Interest Rate 13.00 13.00 24.00 8.00 percent [+]