Deposit Interest Rate in Zambia decreased to 8.75 percent in July from 9.03 percent in June of 2020.

Deposit Interest Rate in Zambia averaged 16.85 percent from 1978 until 2020, reaching an all time high of 111 percent in July of 1993 and a record low of 5.85 percent in May of 2013. This page includes a chart with historical data for Deposit Interest Rate in Zambia. Deposit Interest Rate in Zambia - values, historical data and charts - was last updated on September of 2020. source: IMF

Deposit Interest Rate in Zambia is expected to be 8.75 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 8.75 in 12 months time. In the long-term, the Deposit Interest Rate in Zambia is projected to trend around 8.75 percent in 2021, according to our econometric models.

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Deposit Interest Rate in Zambia

Actual Previous Highest Lowest Dates Unit Frequency
8.75 9.03 111.00 5.85 1978 - 2020 percent Monthly

Zambia Money Last Previous Highest Lowest Unit
Interest Rate 8.00 8.00 15.50 8.00 percent [+]
Deposit Interest Rate 8.75 9.03 111.00 5.85 percent [+]
Money Supply M3 87816446.83 81050970.35 87816446.83 3661075.00 ZMK Million [+]
Foreign Exchange Reserves 1343.48 1319.02 3936.93 1278.35 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.