Mongolia: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 13.29 percent as of June 2024, a decline compared to the previous value of 13.63 percent. Historically, the average for Mongolia from September 2017 to June 2024 is 12.52 percent. The minimum of 8.42 percent was recorded in March 2022, while the maximum of 15.33 percent was reached in September 2017.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Mongolia
| Recent values | Mongolia: Bank deposit interest rate, percent |
|---|---|
| 2024 Jun | 13.29 |
| 2024 May | 13.63 |
| 2024 Apr | 13.7 |
| 2024 Mar | 13.68 |
| 2024 Feb | 13.78 |
| 2024 Jan | 13.8 |
| 2023 Dec | 13.69 |
| 2023 Nov | 13.45 |
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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 | 10.3 | 2023 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| Money supply (broad money) | 33,210.80 | 9/2023 | billion |
| Consumer Price Index (CPI) | 170.4573 | 9/2023 | index points |
| Inflation, monthly | -0.20 | 9/2023 | percent |
| Inflation, annual | 10.34 | 9/2023 | percent |
| Private sector credit | 22,469.18 | 9/2023 | billion |
| Business credit | 8,077.04 | 9/2023 | billion |
| Household credit | 14,392.14 | 9/2023 | billion |
| Deposit interest rate | 12.71 | 9/2023 | percent |