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Rwanda Deposit Rate

Deposit interest rate  FR.INR.DPST

Rwanda's deposit rate was 10.76% in 2025, ranked 15th globally. This represents a 4.2% increase from 2024. Data from World Bank, covering 1996–2025.

10.76% +0.43pp (+4.2%)
Year 2025 Rank #15 Global Peak 11.01% (1996) Source World Bank

Rwanda Deposit Rate (1996–2025)

Overview

Rwanda's deposit rate stood at 10.76% in 2025, a rise of +0.43pp from 2024. Based on recent trends, this figure is projected to reach 10.76% by 2025. Rwanda ranked 15th globally.

Rwanda's deposit rate has exhibited significant fluctuation over the past three decades, reflecting the country's economic growth and development. At 10.76%, the current deposit rate ranks #15 globally, a position that has shifted since the all-time peak in 1996, when the rate reached 11.01%. Conversely, the deposit rate plummeted to an all-time trough of 6.08% in 2008, a period marked by the global financial crisis. Comparatively, Chile boasts a higher deposit rate of 11.39%, while Suriname's rate stands at 9.62%. Rwanda's deposit rate has generally trended upwards, indicating a growing economy, with the exception of the 2008 downturn. This upward trajectory is expected to continue, driven by Rwanda's economic growth and development efforts, provided that the country maintains its prudent monetary policy stance. However, any significant shifts in global interest rates or a decline in investor confidence could alter the trajectory of Rwanda's deposit rate.

Data & projection

Year Deposit Rate YoY change Rank
2027* trend 12.16% - -
2026* trend 11.46% - -
2025* trend 10.76% - -
2025 10.76% +0.43pp #15
2024 10.33% +0.68pp #76
2023 9.65% +1.99pp #82
2022 7.66% −0.39pp #82
2021 8.05% +0.41pp #100
2020 7.64% −0.00pp #100
2019 7.64% +0.14pp #96
2018 7.51% −0.21pp #99
2017 7.72% −0.20pp #115
2016 7.91% −0.32pp #117
2015 8.24% −0.00pp #115
2014 8.24% −1.68pp #118
2013 9.92% +1.08pp #125
2012 8.85% +1.10pp #117
2011 7.75% +0.99pp #103
Show all years (1996-2025)
* Linear trend extrapolation

Detected Pattern

Orthodox Tightening Cycle
Inflation above 40%, lending rate above 30%, rate-inflation gap narrowing, reserves stable or rising. Signals credible monetary tightening.
Inflation 19.8% Rate 16.1% Gap -3.7pp Reserves YoY +6.3%
Occurred 311 times, 177 successful
Inflation
28.2%
Rate
19.4%
Gap
-8.8pp
Reserves YoY
+2.2%
Inflation
219.9%
Rate
61.7%
Gap
-158.2pp
Reserves YoY
+28.1%
Inflation
28.3%
Rate
24.3%
Gap
-4.0pp
Reserves YoY
+35.8%
Inflation
33.9%
Rate
17.8%
Gap
-16.1pp
Reserves YoY
+2.9%
Inflation
17.0%
Rate
20.8%
Gap
+3.8pp
Reserves YoY
+1.5%
Inflation
17.1%
Rate
15.3%
Gap
-1.8pp
Reserves YoY
+10.9%

Analysis

Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw deposit rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Rwanda's deposit rate?▾

Rwanda's deposit rate was 10.76% in 2025. Ranked 15th globally. This represents a 4.2% increase from the previous year.

What was the highest deposit rate in Rwanda?▾

Rwanda's deposit rate peaked at 11.01% in 1996.

What was the lowest deposit rate in Rwanda?▾

The lowest deposit rate in Rwanda was 6.08% in 2008.

How does Rwanda rank in deposit rate?▾

Rwanda ranks 15th globally in deposit rate as of 2025.

What is the World Bank indicator code for deposit rate?▾

The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.

What is the projected deposit rate of Rwanda in 2025?▾

Rwanda's deposit rate is projected to reach 10.76% by 2025 based on trend extrapolation.

What is the deposit rate of Rwanda in 2025?▾

The deposit rate of Rwanda in 2025 was 10.76%. This ranks 15th in the world.

Cite this page

APA
Rwanda Deposit Rate. HistorySaid. Retrieved November 14, 2026, from https://historysaid.com/rwanda/deposit-rate/
BibTeX
@misc{historysaid_rwanda_deposit-rate, title = {Rwanda Deposit Rate}, url = {https://historysaid.com/rwanda/deposit-rate/}, publisher = {HistorySaid}, year = {2026} }
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