Deposit Interest Rate in Papua New Guinea decreased to 0.50 percent in 2017 from 0.60 percent in 2016.

Deposit Interest Rate in Papua New Guinea averaged 5.16 percent from 1980 until 2017, reaching an all time high of 11.49 percent in 1986 and a record low of 0.33 percent in 2013. This page includes a chart with historical data for Deposit Interest Rate in Papua New Guinea. Deposit Interest Rate in Papua New Guinea - values, historical data and charts - was last updated on May of 2020.

Deposit Interest Rate in Papua New Guinea is expected to reach 0.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Papua New Guinea is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Papua New Guinea

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.60 11.49 0.33 1980 - 2017 percent Yearly

Papua New Guinea Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 16.00 3.00 percent [+]
Deposit Interest Rate 0.50 0.60 11.49 0.33 percent [+]
Loan Growth 6.10 2.40 17.70 -5.10 percent [+]
Foreign Exchange Reserves 2338.10 2210.10 3064.00 1609.20 USD Million [+]


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