Mongolia Deposit Rate
Deposit interest rate FR.INR.DPST
Mongolia's deposit rate was 6.60% in 2021, ranked 94th globally. This represents a 35.7% decrease from 2020. Data from World Bank, covering 1992–2021.
Overview
Mongolia's deposit rate stood at 6.60% in 2021, a decline of +3.66pp from 2020. Mongolia ranked 94th globally.
Mongolia’s deposit rate has fallen dramatically since the early 1990s, moving from an all‑time peak of 500.00% in 1992 to a trough of 6.60% in 2021, a decline that places the country at rank 94 globally for the latest year. Over the 30‑year coverage period the rate’s steep contraction reflects liberalisation of the banking sector, the gradual removal of inflation‑driven controls and a shift toward market‑determined pricing. By contrast, peer economies such as Kenya (6.69%) and Pakistan (5.75%) maintain deposit rates only marginally higher, suggesting that Mongolia’s current level is broadly aligned with other emerging markets facing similar monetary‑policy environments. The persistent downward trajectory indicates that further reductions are unlikely unless inflation spikes or policy reforms re‑introduce higher statutory caps, while a sustained low‑rate environment may continue to encourage credit growth and financial deepening.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 6.60% | −3.66pp | #94 |
| 2020 | 10.26% | −0.70pp | #108 |
| 2019 | 10.96% | −1.48pp | #112 |
| 2018 | 12.44% | −0.52pp | #116 |
| 2017 | 12.96% | −0.32pp | #130 |
| 2016 | 13.27% | +0.29pp | #133 |
| 2015 | 12.98% | +0.66pp | #130 |
| 2014 | 12.31% | +0.27pp | #134 |
| 2013 | 12.05% | +0.77pp | #133 |
| 2012 | 11.27% | +0.80pp | #128 |
| 2011 | 10.47% | −1.38pp | #121 |
| 2010 | 11.86% | −1.42pp | #131 |
| 2009 | 13.28% | +1.89pp | #129 |
| 2008 | 11.39% | −2.07pp | #122 |
| 2007 | 13.46% | +0.45pp | #131 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's deposit rate was 6.60% in 2021. Ranked 94th globally. This represents a 35.7% decrease from the previous year.
Mongolia's deposit rate peaked at 500.00% in 1992.
The lowest deposit rate in Mongolia was 6.60% in 2021.
Mongolia ranks 94th globally in deposit rate as of 2021.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
The deposit rate of Mongolia in 2021 was 6.60%. This ranks 94th in the world.
Cite this page
@misc{historysaid_mongolia_deposit-rate,
title = {Mongolia Deposit Rate},
url = {https://historysaid.com/mongolia/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}