Maldives: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 2.63 percent as of September 2024, a decline compared to the previous value of 2.86 percent. Historically, the average for the Maldives from July 2011 to September 2024 is 2.95 percent. The minimum of 2.28 percent was recorded in October 2016, while the maximum of 3.72 percent was reached in March 2015.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Maldives Monetary Authority
| Recent values | Maldives: Bank deposit interest rate, percent |
|---|---|
| 2024 Sep | 2.63 |
| 2024 Aug | 2.86 |
| 2024 Jul | 3.37 |
| 2024 Jun | 3.33 |
| 2024 May | 3.29 |
| 2024 Apr | 3.1 |
| 2024 Mar | 2.88 |
| 2024 Feb | 2.89 |
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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 | 2.3 | 2022 | percent |
| Exchange rate regimes | 6 | 2022 | index points |
| USD exchange rate | 15.4410 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 56.84 | 9/2024 | billion |
| Consumer Price Index (CPI) | 117.5494 | 9/2024 | index points |
| Inflation, monthly | 0.16 | 9/2024 | percent |
| Inflation, annual | 1.14 | 9/2024 | percent |
| Private sector credit | 34.33 | 9/2024 | billion |
| Deposit interest rate | 2.63 | 9/2024 | percent |