Deposit Interest Rate in Zimbabwe remained unchanged at 8 percent in September from 8 percent in August of 2019. Deposit Interest Rate in Zimbabwe averaged 19.89 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 -2.00 percent in 2020, according to our econometric models.

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Zimbabwe Deposit Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 203.38 3.52 1980 - 2019 percent Monthly


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.

Zimbabwe Money Last Previous Highest Lowest Unit
Interest Rate 35.00 50.00 70.00 15.00 percent [+]
Money Supply M1 21668884.00 17871360.53 21668884.00 216333.00 USD Thousands [+]
Money Supply M2 23331840.00 19491136.30 23331840.00 297563.00 USD Thousands [+]
Money Supply M3 23551730.00 19694065.28 23551730.00 297626.00 USD Thousands [+]
Lending Rate 35.00 35.00 35.00 16.00 percent [+]
Banks Balance Sheet 40886.30 35816.20 40886.30 601.60 USD Million [+]