Deposit Interest Rate in Mongolia increased to 6.70 percent in July from 6.10 percent in June of 2021. source: Bank of Mongolia

Deposit Interest Rate in Mongolia averaged 27.74 percent from 1986 until 2021, reaching an all time high of 400 percent in December of 1991 and a record low of 5.90 percent in April of 2021. 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 September of 2021.

Deposit Interest Rate in Mongolia is expected to be 6.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Mongolia is projected to trend around 7.70 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Mongolia

Actual Previous Highest Lowest Dates Unit Frequency
6.70 6.10 400.00 5.90 1986 - 2021 percent Monthly

Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 6.00 6.00 15.00 6.00 percent [+]
Interbank Rate 6.04 6.04 15.97 5.65 percent [+]
Banks Balance Sheet 39739621.09 40076681.32 40076681.32 3295107.90 MNT Million [+]
Deposit Interest Rate 6.70 6.10 400.00 5.90 percent [+]
Money Supply M1 5761264.40 5201593.20 5761264.40 262113.50 MNT Million [+]
Money Supply M2 26917763.60 26761810.40 26917763.60 1145392.30 MNT Million [+]
Foreign Exchange Reserves 4576.70 4731.80 4891.60 326.00 USD Million [+]
Central Bank Balance Sheet 15653431.10 15668924.70 15977889.10 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.