Deposit Interest Rate in Uganda increased to 8.38 percent in July from 8.01 percent in June of 2021. source: Bank of Uganda

Deposit Interest Rate in Uganda averaged 11.80 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 September of 2021.

Deposit Interest Rate in Uganda is expected to be 8.39 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 7.89 percent in 2022 and 7.39 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Uganda

Actual Previous Highest Lowest Dates Unit Frequency
8.38 8.01 38.38 3.54 1987 - 2021 percent Monthly
NSA

Uganda Money Last Previous Highest Lowest Unit
Interest Rate 6.50 6.50 23.00 6.50 percent [+]
Money Supply M2 23754.90 22579.10 23754.90 138.70 UGX Billion [+]
Money Supply M3 32696.20 31550.80 32696.20 138.70 UGX Billion [+]
Foreign Exchange Reserves 4139.69 3634.74 4148.17 5.10 USD Million [+]
Loans to Private Sector 18627.25 18203.86 18627.25 244.22 SHS Billion [+]
Deposit Interest Rate 8.38 8.01 38.38 3.54 percent [+]
Money Supply M1 13821.00 12854.30 13821.00 912.60 UGX Billion [+]


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