Deposit Interest Rate in Mongolia decreased to 8.40 percent in December from 10.20 percent in November of 2020. source: Bank of Mongolia

Deposit Interest Rate in Mongolia averaged 28.65 percent from 1986 until 2020, reaching an all time high of 400 percent in December of 1991 and a record low of 8.40 percent in December of 2020. 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 March of 2021.

Deposit Interest Rate in Mongolia is expected to be 10.00 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 10.96 in 12 months time. In the long-term, the Deposit Interest Rate in Mongolia is projected to trend around 10.00 percent in 2022 and 11.00 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Mongolia

Actual Previous Highest Lowest Dates Unit Frequency
8.40 10.20 400.00 8.40 1986 - 2020 percent Monthly

Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 6.00 8.00 15.00 6.00 percent [+]
Interbank Rate 7.17 7.67 15.97 5.96 percent [+]
Banks Balance Sheet 36685492.14 35912619.40 36685492.14 3295107.90 MNT Million [+]
Deposit Interest Rate 8.40 10.20 400.00 8.40 percent [+]
Money Supply M1 4197435.10 3914831.10 4197435.10 262113.50 MNT Million [+]
Money Supply M2 24220049.10 23271625.90 24220049.10 1145392.30 MNT Million [+]
Foreign Exchange Reserves 3869.90 3723.00 4371.30 326.00 USD Million [+]
Central Bank Balance Sheet 5516625.10 5119211.10 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.