Deposit Interest Rate in Zimbabwe remained unchanged at 20 percent in December from 20 percent in November of 2020. source: Reserve Bank of Zimbabwe

Deposit Interest Rate in Zimbabwe averaged 19.07 percent from 1980 until 2020, 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 April of 2021.

Deposit Interest Rate in Zimbabwe is expected to be 20.00 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 Zimbabwe to stand at 20.00 in 12 months time. In the long-term, the Zimbabwe Deposit Interest Rate is projected to trend around 20.00 percent in 2022 and 12.50 percent in 2023, according to our econometric models.

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Zimbabwe Deposit Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 203.38 3.52 1980 - 2020 percent Monthly

Zimbabwe Money Last Previous Highest Lowest Unit
Interest Rate 40.00 40.00 70.00 15.00 percent [+]
Money Supply M1 193581808.00 174113615.00 193581808.00 216333.00 USD Thousands [+]
Money Supply M2 203488653.00 183111429.00 203488653.00 297563.00 USD Thousands [+]
Money Supply M3 204924856.00 184348770.00 204924856.00 297626.00 USD Thousands [+]
Banks Balance Sheet 306628.40 287041.80 306628.40 601.60 USD Million [+]
Lending Rate 65.00 65.00 65.00 16.00 percent [+]


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.