Deposit Interest Rate in Zimbabwe increased to 110 percent in March from 85 percent in February of 2023. source: Reserve Bank of Zimbabwe

Deposit Interest Rate in Zimbabwe averaged 24.03 percent from 1980 until 2023, 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. This page includes a chart with historical data for Deposit Interest Rate in Zimbabwe. Zimbabwe Deposit Interest Rate - values, historical data and charts - was last updated on June of 2023.

Deposit Interest Rate in Zimbabwe is expected to be 60.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zimbabwe Deposit Interest Rate is projected to trend around 35.00 percent in 2024 and 10.00 percent in 2025, according to our econometric models.

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Zimbabwe Deposit Interest Rate

Related Last Previous Unit Reference
Interest Rate 150.00 150.00 percent May 2023
Money Supply M1 2846507552.00 2618757382.00 USD Thousands Mar 2023
Money Supply M2 3179243048.00 2912531633.00 USD Thousands Mar 2023
Money Supply M3 3195325667.00 2928243288.00 USD Thousands Mar 2023
Deposit Interest Rate 110.00 85.00 percent Mar 2023
Banks Balance Sheet 5065173.90 4321424.20 USD Million Mar 2023
Lending Rate 230.00 230.00 percent Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
110.00 85.00 203.38 3.52 1980 - 2023 percent Monthly