Tanzania: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 9.09 percent as of June 2024, an increase compared to the previous value of 8.97 percent. Historically, the average for Tanzania from May 2016 to June 2024 is 9.08 percent. The minimum of 7.54 percent was recorded in June 2020, while the maximum of 12.4 percent was reached in July 2016.
Click on the following link to see the values of: Deposit interest rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Tanzania
| Recent values | Tanzania: Bank deposit interest rate, percent |
|---|---|
| 2024 Jun | 9.09 |
| 2024 May | 8.97 |
| 2024 Apr | 8.21 |
| 2024 Mar | 8.94 |
| 2024 Feb | 9.06 |
| 2024 Jan | 9.15 |
| 2023 Dec | 8.92 |
| 2023 Nov | 9.16 |
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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 | 3.8 | 2023 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| USD exchange rate | 2,503.2442 | 9/2023 | Local Currency Units per USD |
| Money supply (broad money) | 33,425.20 | 9/2023 | billion |
| Consumer Price Index (CPI) | 112.3500 | 9/2023 | index points |
| Inflation, monthly | 0.09 | 9/2023 | percent |
| Inflation, annual | 3.33 | 9/2023 | percent |
| Private sector credit | 30,791.30 | 9/2023 | billion |
| Business credit | 18,052.04 | Q3/2023 | billion |
| Household credit | 12,550.66 | Q3/2023 | billion |
| Deposit interest rate | 8.98 | 9/2023 | percent |