| Table 20 : Principal Interest Rates in Mauritius | |||||||||
| (Per cent per annum) | |||||||||
| Dec-97 | Jun-98 | Jul-98 | Aug-98 | Sep-98 | Oct-98 | Nov-98 | Dec-98 | ||
| I. LENDING | |||||||||
| Bank of Mauritius | |||||||||
| Bank Rate * | 8.96 | 9.03 | 9.31 | 9.82 | 10.17 | 10.71 | 11.93 | 12.19 | |
| Commercial Banks | |||||||||
| (i) Mauritius Sugar Syndicate | 10.50-13.00 | 11.00-13.00 | 11.00-13.00 | 10.50-13.00 | 10.50-13.00 | 10.50-13.00 | 10.50-12.50 | 10.50-13.50 | |
| (ii) Sugar Industry | 11.25-17.50 | 11.25-18.00 | 11.25-18.00 | 11.25-17.50 | 11.25-17.50 | 11.25-17.50 | 10.00-18.50 | 10.00-19.00 | |
| (iii) Other Agriculture | 11.50-18.50 | 11.50-19.50 | 11.50-18.50 | 11.50-18.50 | 11.50-18.50 | 11.50-18.25 | 11.25-18.50 | 11.25-19.00 | |
| (iv) EPZ | 11.50-18.50 | 11.50-18.50 | 11.50-18.50 | 11.50-18.50 | 11.50-18.50 | 11.50-18.50 | 10.50-19.50 | 10.00-20.00 | |
| (v) DC | 11.50-17.50 | 11.50-17.50 | 11.50-17.50 | 11.50-17.50 | 11.50-17.50 | 11.50-17.50 | 11.75-18.50 | 11.75-19.00 | |
| (vi) Small-Scale Industries | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 12.50-19.50 | 12.50-20.00 | |
| (vii) Transport | 13.50-19.50 | 12.25-19.50 | 12.25-19.50 | 13.50-19.50 | 12.25-19.50 | 12.25-19.50 | 11.00-20.50 | 11.00-20.50 | |
| (viii) Hotels | 14.00-18.50 | 12.50-18.00 | 12.50-18.00 | 12.50-18.00 | 12.50-18.50 | 12.50-18.00 | 13.50-18.50 | 13.50-19.00 | |
| (ix) Other Industries & Manufacturers | 12.50-20.00 | 12.50-19.50 | 12.50-19.50 | 12.50-19.50 | 12.50-19.50 | 12.50-19.50 | 10.75-20.50 | 10.75-20.00 | |
| (x) Statutory & Para-Statal Bodies | 13.00-17.75 | 13.00-16.50 | 13.00-16.50 | 13.00-16.50 | 13.00-16.50 | 13.00-16.50 | 12.50-16.50 | 12.50-16.50 | |
| (xi) Housing | 11.50-19.75 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 12.00-20.50 | |
| (xii) Traders | 13.00-21.00 | 14.00-21.00 | 14.00-21.00 | 14.00-21.00 | 14.00-21.00 | 14.00-19.50 | 10.00-19.50 | 10.00-20.50 | |
| (xiii) Stock Brokers | 16.00-18.00 | 16.00-17.50 | 12.00-17.50 | 12.00-17.50 | 12.00-17.50 | 12.00-17.50 | 11.00-18.50 | 11.00-18.50 | |
| (xiv) Financial Institutions | 16.00-18.00 | 16.00-17.50 | 15.50-17.50 | 15.50-17.50 | 15.50-17.50 | 15.50-17.50 | 12.00-18.50 | 12.00-18.50 | |
| (xv) Personal & Professional | 12.50-19.50 | 13.50-19.50 | 13.50-19.50 | 13.50-19.50 | 13.50-19.50 | 13.50-19.50 | 10.00-20.50 | 10.00-20.50 | |
| (xvi) Other Customers | 12.00-19.50 | 14.50-19.50 | 14.50-19.50 | 14.50-19.50 | 14.50-19.50 | 14.50-19.50 | 10.00-20.50 | 10.00-20.50 | |
| II. DEPOSITS | |||||||||
| 1. Savings | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 9.00 | 9.00 | |
| 2. Seven Days' Notice | 8.00-9.00 | 8.00-9.00 | 8.00-9.00 | 8.00-8.50 | 8.00-8.50 | 8.00-9.00 | 8.00-9.25 | 8.00-10.00 | |
| 3. Fixed Deposits | |||||||||
| (i) Up to 3 months | 8.00-8.75 | 8.00-10.00 | 8.00-9.00 | 8.00-8.75 | 8.00-9.00 | 8.00-9.25 | 8.00-9.50 | 8.00-10.50 | |
| (ii) Exceeding 3 & up to 6 months | 8.00-9.25 | 8.00-10.00 | 8.00-10.00 | 8.00-9.00 | 8.00-9.50 | 8.12-9.62 | 8.12-9.50 | 8.12-10.50 | |
| (iii) Exceeding 6 & up to 12 months | 8.13-10.50 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.12-10.00 | 8.12-11.75 | |
| (iv) Exceeding 12 & up to 18 months | 8.37-11.00 | 8.37-10.00 | 8.37-10.00 | 8.37-9.25 | 8.37-9.25 | 8.37-10.00 | 8.37-10.25 | 8.37-11.75 | |
| (v) Exceeding 18 & up to 24 months | 8.50-9.50 | 8.50-10.00 | 8.50-9.50 | 8.50-9.25 | 8.50-9.50 | 8.50-9.25 | 8.50-11.00 | 8.50-11.50 | |
| (vi) Exceeding 24 & up to 36 months | 8.50-11.00 | 8.25-11.00 | 8.25-11.00 | 8.25-11.00 | 8.25-11.00 | 8.25-11.00 | 8.25-11.25 | 8.25-11.50 | |
| (vii) Exceeding 36 & up to 48 months | 8.50-12.00 | 9.00-11.00 | 9.00-11.00 | 9.00-11.00 | 9.00-12.50 | 9.00-11.00 | 9.00-11.50 | 9.00-12.00 | |
| (viii) Over 48 months | 9.00-14.50 | 9.00-14.00 | 9.00-14.00 | 9.00-14.00 | 9.00-14.00 | 9.00-14.00 | 9.00-11.50 | 9.00-11.25 | |
| * As on the last day of the month. | |||||||||