Deposit Interest Rate in Mongolia decreased to 10.50 percent in December from 11 percent in November of 2019.

Deposit Interest Rate in Mongolia averaged 30.11 percent from 1986 until 2019, reaching an all time high of 400 percent in December of 1991 and a record low of 10.20 percent in September of 2011. This page includes a chart with historical data for Deposit Interest Rate in Mongolia. Deposit Interest Rate in Mongolia - values, historical data and charts - was last updated on August of 2020. source: Bank of Mongolia

Deposit Interest Rate in Mongolia is expected to be 9.00 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 Mongolia to stand at 8.50 in 12 months time. In the long-term, the Deposit Interest Rate in Mongolia is projected to trend around 8.50 percent in 2021, according to our econometric models.

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Deposit Interest Rate in Mongolia

Actual Previous Highest Lowest Dates Unit Frequency
10.50 11.00 400.00 10.20 1986 - 2019 percent Monthly

Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 9.00 9.00 15.00 6.40 percent [+]
Interbank Rate 10.84 11.00 15.96 5.96 percent [+]
Banks Balance Sheet 34689860.97 34970594.73 35859341.42 3295107.90 MNT Million [+]
Deposit Interest Rate 10.50 11.00 400.00 10.20 percent [+]
Money Supply M1 3426463.50 3466219.60 4180772.30 262113.50 MNT Million [+]
Money Supply M2 20231822.80 20451764.70 20833777.90 1145392.30 MNT Million [+]
Foreign Exchange Reserves 3844.20 4094.20 4371.30 326.00 USD Million [+]
Central Bank Balance Sheet 3525393.47 3944551.52 9277479.60 193448.70 MNT Million [+]

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