Impact of bank deposit interest rates on consumer expenditure in the East African community

Abstract

Bank deposit rates are a critical factor in determining consumer expenditure. This study tries to understand the effect that changes of bank deposit rates have over different periods of time in the East African Community countries that is Kenya, Uganda, Rwanda and Tanzania. This study will be effective in informing policy making by various governments as they keep in mind the welfare of the citizens while setting the benchmark of Bank Deposit rates.