Namibia: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 5.59 percent as of August 2024, an increase compared to the previous value of 5.56 percent. Historically, the average for Namibia from January 2019 to August 2024 is 4.75 percent. The minimum of 3.24 percent was recorded in January 2021, while the maximum of 5.99 percent was reached in April 2019.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Namibia
| Recent values | Namibia: Bank deposit interest rate, percent |
|---|---|
| 2024 Aug | 5.59 |
| 2024 Jul | 5.56 |
| 2024 Jun | 5.5 |
| 2024 May | 5.39 |
| 2024 Apr | 5.43 |
| 2024 Mar | 5.38 |
| 2024 Feb | 5.41 |
| 2024 Jan | 5.28 |
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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 | 5.9 | 2023 | percent |
| Exchange rate regimes | 3 | 2022 | index points |
| USD exchange rate | 17.9302 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 155.93 | 10/2024 | billion |
| Consumer Price Index (CPI) | 171.6000 | 10/2024 | index points |
| Inflation, monthly | 0.40 | 10/2024 | percent |
| Inflation, annual | 2.99 | 10/2024 | percent |
| Private sector credit | 108.01 | 8/2024 | billion |
| Business credit | 40.20 | 8/2024 | billion |
| Household credit | 67.81 | 8/2024 | billion |
| Mortgage credit | 45.65 | 8/2024 | billion |
| Consumer credit | 22.17 | 8/2024 | billion |
| Deposit interest rate | 5.59 | 8/2024 | percent |
| Business credit interest rate | 11.25 | 8/2024 | percent |