Ethiopia: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 7.61 percent as of Q2 2023, a decline compared to the previous value of 7.7 percent. Historically, the average for Ethiopia from Q2 2019 to Q2 2023 is 7.82 percent. The minimum of 7.61 percent was recorded in Q2 2023, while the maximum of 8.07 percent was reached in Q2 2019.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: National Bank of Ethiopia
| Recent values | Ethiopia: Bank deposit interest rate, percent |
|---|---|
| 2023 Q2 | 7.61 |
| 2023 Q1 | 7.7 |
| 2022 Q4 | 7.76 |
| 2022 Q3 | 7.71 |
| 2022 Q2 | 7.7 |
| 2022 Q1 | 7.69 |
| 2021 Q4 | 7.74 |
| 2021 Q3 | 7.8 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 30.2 | 2023 | percent |
| Exchange rate regimes | 5 | 2021 | index points |
| USD exchange rate | 55.2492 | 9/2023 | Local Currency Units per USD |
| Money supply (broad money) | 1,799.58 | Q3/2022 | billion |
| Consumer Price Index (CPI) | 408.5393 | 9/2023 | index points |
| Inflation, monthly | 2.60 | 9/2023 | percent |
| Inflation, annual | 28.23 | 9/2023 | percent |
| Deposit interest rate | 7.71 | Q3/2022 | percent |