Deposit Interest Rate in Seychelles increased to 3.58 percent in 2019 from 3.29 percent in 2018.

Deposit Interest Rate in Seychelles averaged 6.41 percent from 1981 until 2019, reaching an all time high of 10 percent in 1986 and a record low of 2.08 percent in 2011. This page includes a chart with historical data for Deposit Interest Rate in Seychelles. Deposit Interest Rate in Seychelles - values, historical data and charts - was last updated on September of 2020.

Deposit Interest Rate in Seychelles is expected to reach 2.29 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 Seychelles is projected to trend around 2.79 percent in 2021 and 3.29 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Seychelles

Actual Previous Highest Lowest Dates Unit Frequency
3.58 3.29 10.00 2.08 1981 - 2019 percent Yearly

Seychelles Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 5.50 3.00 percent [+]
Banks Balance Sheet 27548.43 27992.61 27992.61 4818.90 SCR Million [+]
Deposit Interest Rate 3.58 3.29 10.00 2.08 percent [+]
Lending Rate 11.74 11.85 16.36 10.49 percent [+]
Loans To Private Sector 3000.00 2961.00 3000.00 1452.50 SCR Million [+]
Money Supply M1 5954.00 5834.00 5954.00 1179.90 SCR Million [+]
Money Supply M2 12339.60 12343.40 12343.40 3712.78 SCR Million [+]
Money Supply M3 21665.80 21877.00 21877.00 4347.58 SCR Million [+]
Foreign Exchange Reserves 585.79 592.13 609.64 1.06 USD Million [+]
Cash Reserve Ratio 13.00 13.00 13.00 13.00 percent [+]
Central Bank Balance Sheet 12086.38 12535.51 12535.51 989.49 SCR Million [+]


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