Deposit Interest Rate in Zimbabwe remained unchanged at 26 percent in August from 26 percent in July of 2021. source: Reserve Bank of Zimbabwe

Deposit Interest Rate in Zimbabwe averaged 19.31 percent from 1980 until 2021, 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 October of 2021.

Deposit Interest Rate in Zimbabwe is expected to be 26.00 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 16.00 percent in 2022 and 11.00 percent in 2023, according to our econometric models.

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Zimbabwe Deposit Interest Rate

Zimbabwe Last Unit Reference Previous Highest Lowest
Interest Rate 40.00 percent Sep/21 40.00 70.00 15.00
Money Supply M1 300262148.00 USD Thousands Aug/21 306098411.00 306098411.00 216333.00
Money Supply M2 327313703.00 USD Thousands Aug/21 329133674.00 329133674.00 297563.00
Money Supply M3 330656853.00 USD Thousands Jul/21 302934409.00 330656853.00 297626.00
Deposit Interest Rate 26.00 percent Aug/21 26.00 203.38 3.52
Lending Rate 85.00 percent Aug/21 85.00 85.00 16.00
Banks Balance Sheet 475997.30 USD Million Aug/21 481102.60 481102.60 601.60

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.