Deposit Interest Rate in Tanzania decreased to 7.15 percent in the first quarter of 2019 from 7.59 percent in the fourth quarter of 2018. Deposit Interest Rate in Tanzania averaged 8.43 percent from 1974 until 2019, reaching an all time high of 25.13 percent in the second quarter of 1995 and a record low of 2.70 percent in the second quarter of 2003.

Deposit Interest Rate in Tanzania is expected to be 5.15 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 Tanzania to stand at 5.15 in 12 months time. In the long-term, the Deposit Interest Rate in Tanzania is projected to trend around 5.15 percent in 2020, according to our econometric models.

Deposit Interest Rate in Tanzania
Forecast Data Chart
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Tanzania Money Last Previous Highest Lowest Unit
Interest Rate 7.00 7.00 67.50 3.70 percent [+]
Banks Balance Sheet 35615346.70 34490516.90 35615346.70 10686881.50 TZS Million [+]
Deposit Interest Rate 7.15 7.59 25.13 2.70 percent [+]
Money Supply M0 7125.60 7262.40 7963.80 463.86 TZS Billion [+]
Money Supply M1 12817.10 13018.40 13521.70 567.18 TZS Billion [+]
Money Supply M2 20533.20 20398.60 21002.10 907.46 TZS Billion [+]
Money Supply M3 27163.20 26930.00 27240.80 1184.41 TZS Billion [+]
Central Bank Balance Sheet 17308467.10 16788459.70 19095246.50 7370797.40 TZS Million [+]

Deposit Interest Rate in Tanzania

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Tanzania. Deposit Interest Rate in Tanzania - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.15 7.59 25.13 2.70 1974 - 2019 percent Quarterly

Country Last Previous
Argentina 53.07 Oct/19
Turkey 15.00 Sep/19
South Africa 6.98 Aug/19
Russia 5.27 Aug/19
Brazil 5.14 Jul/19
Indonesia 4.50 Sep/19
Mexico 3.70 Jul/19
Saudi Arabia 3.40 Oct/19
Canada 1.83 Oct/19
South Korea 1.81 Jul/19
Australia 1.35 Sep/19
United Kingdom 0.50 Sep/19
China 0.35 Sep/19
Singapore 0.20 Aug/19
Japan -0.41 Oct/19
Switzerland -0.41 Aug/19
Euro Area -0.50 Sep/19