Deposit Interest Rate in Uganda increased to 8.65 percent in August from 8.38 percent in July of 2021. source: Bank of Uganda

Deposit Interest Rate in Uganda averaged 11.79 percent from 1987 until 2021, reaching an all time high of 38.38 percent in September of 1992 and a record low of 3.54 percent in April of 2002. This page includes a chart with historical data for Deposit Interest Rate in Uganda. Deposit Interest Rate in Uganda - values, historical data and charts - was last updated on October of 2021.

Deposit Interest Rate in Uganda is expected to be 8.65 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 Uganda is projected to trend around 7.65 percent in 2022 and 7.15 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Uganda

Uganda Last Unit Reference Previous Highest Lowest
Interest Rate 6.50 percent Oct/21 6.50 23.00 6.50
Money Supply M2 24150.70 UGX Billion Aug/21 24032.40 24150.70 138.70
Money Supply M3 33078.30 UGX Billion Aug/21 32835.90 33078.30 138.70
Foreign Exchange Reserves 4018.09 USD Million Aug/21 4154.93 4154.93 5.10
Loans to Private Sector 18957.35 SHS Billion Aug/21 18961.88 18961.88 244.22
Deposit Interest Rate 8.65 percent Aug/21 8.38 38.38 3.54
Money Supply M1 14139.20 UGX Billion Aug/21 14090.30 14139.20 912.60

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