Papua New Guinea: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 1.63 percent as of December 2023, an increase compared to the previous value of 1.58 percent. Historically, the average for Papua New Guinea from March 2012 to December 2023 is 2.75 percent. The minimum of 1.33 percent was recorded in April 2023, while the maximum of 5.03 percent was reached in June 2012.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Papua New Guinea
| Recent values | Papua New Guinea: Bank deposit interest rate, percent |
|---|---|
| 2023 Dec | 1.63 |
| 2023 Nov | 1.58 |
| 2023 Oct | 1.83 |
| 2023 Sep | 1.83 |
| 2023 Aug | 1.58 |
| 2023 Jul | 1.83 |
| 2023 Jun | 1.73 |
| 2023 May | 1.55 |
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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 | 2023 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| USD exchange rate | 3.9479 | 9/2024 | Local Currency Units per USD |
| Consumer Price Index (CPI) | 168.6844 | Q2/2024 | index points |
| Inflation, monthly | -0.69 | Q2/2024 | percent |
| Inflation, annual | 0.11 | Q2/2024 | percent |
| Private sector credit | 15.88 | 12/2023 | billion |
| Deposit interest rate | 1.63 | 12/2023 | percent |