Zambia: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 7.36 percent as of December 2024, a decline compared to the previous value of 7.37 percent. Historically, the average for Zambia from November 2004 to December 2024 is 8.69 percent. The minimum of 6 percent was recorded in October 2007, while the maximum of 13.89 percent was reached in August 2016.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Zambia
| Recent values | Zambia: Bank deposit interest rate, percent |
|---|---|
| 2024 Dec | 7.36 |
| 2024 Nov | 7.37 |
| 2024 Oct | 7.42 |
| 2024 Sep | 7.47 |
| 2024 Aug | 7.44 |
| 2024 Jul | 7.22 |
| 2024 Jun | 6.72 |
| 2024 May | 6.68 |
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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 | 10.9 | 2023 | percent |
| Exchange rate regimes | 5 | 2022 | index points |
| USD exchange rate | 28.6461 | 3/2025 | Local Currency Units per USD |
| Money supply (broad money) | 171.46 | 10/2024 | billion |
| Consumer Price Index (CPI) | 515.1300 | 3/2025 | index points |
| Inflation, monthly | 1.01 | 3/2025 | percent |
| Inflation, annual | 16.54 | 3/2025 | percent |
| Private sector credit | 82.48 | 10/2024 | billion |
| Deposit interest rate | 7.36 | 12/2024 | percent |