Gambia: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 1.6 percent as of Q2 2022, no change compared to the previous value of 1.6 percent. Historically, the average for the Gambia from Q1 1991 to Q2 2022 is 7.53 percent. The minimum of 1.5 percent was recorded in Q2 2021, while the maximum of 13.5 percent was reached in Q3 2003.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of Gambia
| Recent values | Gambia: Bank deposit interest rate, percent |
|---|---|
| 2022 Q2 | 1.6 |
| 2022 Q1 | 1.6 |
| 2021 Q4 | 1.5 |
| 2021 Q3 | 1.5 |
| 2021 Q2 | 1.5 |
| 2021 Q1 | 1.65 |
| 2020 Q4 | 1.65 |
| 2020 Q3 | 4.25 |
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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 | 17.0 | 2023 | percent |
| Exchange rate regimes | 5 | 2021 | index points |
| USD exchange rate | 69.5862 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 73.36 | 3/2024 | billion |
| Consumer Price Index (CPI) | 155.2431 | 3/2024 | index points |
| Inflation, monthly | 0.59 | 3/2024 | percent |
| Inflation, annual | 14.94 | 3/2024 | percent |
| Private sector credit | 5.71 | 4/2019 | billion |
| Business credit | 5.13 | 4/2019 | billion |
| Household credit | 0.58 | 4/2019 | billion |
| Deposit interest rate | 1.60 | Q2/2022 | percent |