| Table 22: Principal Interest Rates | |||||||||||||||||
| (Per cent per annum) | |||||||||||||||||
| Jun-98 | Sep-98 | Oct-98 | Nov-98 | Dec-98 | Mar-99 | Jun-99 | Sep-99 | Oct-99 | Nov-99 | Dec-99 | Jan-00 | Feb-00 | Mar-00 | Apr-00 | May-00 | Jun-00 | |
| I. LENDING | |||||||||||||||||
| Bank of Mauritius | |||||||||||||||||
| Bank Rate 1 | 9.03 | 10.17 | 10.71 | 11.93 | 12.19 | 12.60 | 12.66 | 12.68 | 12.67 | 12.51 | 11.92 | 11.97 | 12.02 | 11.08 | 10.98 | 10.60 | 10.65 |
| Commercial Banks | |||||||||||||||||
| A: Prime Rate | 11.00-13.00 | 10.50-13.00 | 12.00-13.00 | 12.00-13.00 | 10.00-13.00 | 10.00-13.00 | 10.00-13.00 | 10.00-13.00 | 10.00-13.00 | 10.00-13.00 | 10.00-13.00 | 10.00-13.00 | 12.00-13.00 | 11.00-13.00 | 11.00-12.00 | 11.00-12.00 | 10.00-12.00 |
| B: Sectoral Rates | |||||||||||||||||
| (i) Mauritius Sugar Syndicate | 11.00-13.00 | 10.50-13.00 | 10.50-13.00 | 10.50-12.50 | 10.50-13.50 | 12.00-13.50 | 12.00-13.50 | 12.00-13.50 | 12.00-13.50 | 12.00-13.50 | 12.00-13.50 | 12.00-13.50 | 12.00-13.50 | 11.00-13.50 | 11.00-12.50 | 11.00-12.50 | 9.50-12.50 |
| (ii) Sugar Industry | 11.25-18.00 | 11.25-17.50 | 11.25-17.50 | 10.00-18.50 | 10.00-19.00 | 10.00-18.00 | 10.00-18.00 | 10.00-18.00 | 10.00-18.00 | 10.00-18.00 | 10.00-18.00 | 10.00-18.00 | 10.00-18.00 | 10.00-18.00 | 10.00-17.50 | 10.00-17.50 | 9.63-17.50 |
| (iii) Other Agriculture | 11.50-19.50 | 11.50-18.50 | 11.50-18.25 | 11.25-18.50 | 11.25-19.00 | 11.25-19.50 | 11.25-19.50 | 11.25-19.50 | 11.25-18.50 | 11.25-18.50 | 11.25-18.50 | 11.25-18.50 | 11.25-18.50 | 11.25-18.50 | 11.25-18.50 | 11.25-18.50 | 10.00-18.50 |
| (iv) EPZ | 11.50-18.50 | 11.50-18.50 | 11.50-18.50 | 10.50-19.50 | 10.00-20.00 | 10.00-22.50 | 10.00-20.00 | 10.00-20.00 | 10.00-20.00 | 10.00-20.00 | 10.00-18.50 | 10.00-18.50 | 10.00-18.50 | 10.00-18.50 | 10.00-18.50 | 10.00-18.50 | 10.00-18.50 |
| (v) DC | 11.50-17.50 | 11.50-17.50 | 11.50-17.50 | 11.75-18.50 | 11.75-19.00 | 11.75-17.00 | 11.75-17.00 | 11.75-17.00 | 11.75-17.00 | 11.75-17.00 | 11.75-17.00 | 11.75-17.00 | 11.75-17.00 | 11.50-17.00 | 11.50-17.00 | 11.50-17.00 | 10.00-17.00 |
| (vi) Small-scale Industries | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 12.50-19.50 | 12.50-20.00 | 12.50-20.00 | 12.50-20.00 | 10.75-20.50 | 10.75-20.00 | 10.75-20.00 | 10.75-20.00 | 10.75-20.00 | 10.75-20.00 | 11.50-20.00 | 11.50-20.00 | 11.50-20.00 | 10.00-20.00 |
| (vii) Transport | 12.25-19.50 | 12.25-19.50 | 12.25-19.50 | 11.00-20.50 | 11.00-20.50 | 11.00-20.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 | 11.00-19.50 |
| (viii) Hotels | 12.50-18.00 | 12.50-18.50 | 12.50-18.00 | 13.50-18.50 | 13.50-19.00 | 13.50-18.50 | 12.50-18.50 | 12.50-18.50 | 12.50-18.50 | 12.50-18.50 | 12.50-18.50 | 12.50-18.50 | 12.50-18.50 | 11.50-18.00 | 11.50-18.00 | 11.50-18.00 | 11.00-18.00 |
| (ix) Other Industries and Manufacturers | 12.50-19.50 | 12.50-19.50 | 12.50-19.50 | 10.75-20.50 | 10.75-20.00 | 10.75-20.50 | 10.75-20.50 | 10.75-19.50 | 10.75-19.50 | 10.75-19.50 | 10.75-19.50 | 10.75-19.50 | 10.75-19.50 | 10.75-19.50 | 10.75-19.50 | 10.75-19.50 | 10.00-19.50 |
| (x) Statutory and Parastatal Bodies | 13.00-16.50 | 13.00-16.50 | 13.00-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-16.50 | 12.50-15.50 | 12.50-15.50 | 11.25-15.50 |
| (xi) Housing | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 11.50-19.50 | 12.00-20.50 | 12.00-20.50 | 12.00-20.50 | 12.00-20.50 | 12.00-20.50 | 12.00-20.50 | 12.00-20.50 | 12.00-20.50 | 12.00-20.50 | 11.50-19.50 | 11.50-20.50 | 11.50-20.50 | 10.00-20.50 |
| (xii) Traders | 14.00-21.00 | 14.00-21.00 | 14.00-19.50 | 10.00-19.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-21.50 | 11.00-21.50 | 11.00-21.50 | 11.00-21.50 | 11.00-21.50 | 11.00-21.50 | 11.00-21.50 | 11.00-21.50 | 11.00-21.50 | 10.00-20.50 |
| (xiii) Stock Brokers | 16.00-17.50 | 12.00-17.50 | 12.00-17.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-18.50 | 11.00-17.50 | 11.00-17.50 | 11.00-17.50 | 13.75-16.50 |
| (xiv) Financial Institutions | 16.00-17.50 | 15.50-17.50 | 15.50-17.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.50 | 12.00-18.00 | 12.00-17.50 | 12.00-17.50 | 12.00-17.00 |
| (xv) Personal and Professional | 13.50-19.50 | 13.50-19.50 | 13.50-19.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-24.00 | 10.00-20.50 |
| (xvi) Other Customers | 14.50-19.50 | 14.50-19.50 | 14.50-19.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 | 10.00-20.50 |
| II. DEPOSITS | |||||||||||||||||
| 1. Savings | 8.00 | 8.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 8.00-9.00 | 8.00-8.50 | 8.00-8.50 | 6.50-8.50 |
| 2. Seven Days' Notice | 8.00-9.00 | 8.00-8.50 | 8.00-9.00 | 8.00-9.25 | 8.25-10.00 | 8.25-12.25 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 7.25-10.00 | 7.25-9.00 | 7.25-9.00 | 5.75-9.25 |
| 3. Fixed Deposits | |||||||||||||||||
| (i) Up to 3 months | 8.00-10.00 | 8.00-9.00 | 8.00-9.25 | 8.00-9.50 | 9.00-10.50 | 9.00-10.50 | 9.00-11.50 | 9.00-11.50 | 9.00-11.50 | 9.00-11.50 | 9.00-11.50 | 9.00-10.50 | 9.00-11.50 | 8.00-11.25 | 8.00-10.00 | 8.00-9.87 | 6.50-9.87 |
| (ii) Exceeding 3 and up to 6 months | 8.00-10.00 | 8.00-9.50 | 8.12-9.62 | 8.12-9.50 | 8.12-10.50 | 9.00-11.00 | 9.00-11.25 | 9.00-12.00 | 9.00-12.00 | 9.00-11.50 | 9.00-11.80 | 9.13-11.00 | 9.13-11.00 | 8.13-11.25 | 8.13-10.00 | 8.13-11.00 | 6.50-9.75 |
| (iii) Exceeding 6 and up to 12 months | 8.25-10.00 | 8.25-10.00 | 8.25-10.00 | 8.12-10.00 | 8.12-11.75 | 9.25-12.00 | 9.00-12.00 | 9.00-12.00 | 9.00-12.00 | 9.00-12.00 | 9.00-12.00 | 9.00-12.00 | 9.00-12.00 | 8.25-12.00 | 8.25-10.75 | 8.25-10.75 | 6.88-10.75 |
| (iv) Exceeding 12 and up to 18 months | 8.37-10.00 | 8.37-9.25 | 8.37-10.00 | 8.37-10.25 | 8.37-11.75 | 9.50-11.13 | 9.50-12.00 | 9.50-12.00 | 9.50-12.00 | 9.50-12.00 | 9.50-12.00 | 9.50-12.00 | 9.50-12.00 | 8.38-12.00 | 8.38-10.50 | 8.38-10.50 | 7.50-10.00 |
| (v) Exceeding 18 and up to 24 months | 8.50-10.00 | 8.50-9.50 | 8.50-9.25 | 8.50-11.00 | 8.50-11.50 | 9.50-11.50 | 9.38-11.50 | 9.38-11.50 | 9.38-12.00 | 9.38-12.00 | 9.38-12.00 | 9.38-12.00 | 9.38-12.00 | 8.38-12.00 | 8.38-10.50 | 8.38-10.50 | 7.50-10.50 |
| (vi) Exceeding 24 and up to 36 months | 8.25-11.00 | 8.25-11.00 | 8.25-11.00 | 8.25-11.25 | 8.62-11.50 | 9.63-11.75 | 9.63-12.00 | 9.63-12.00 | 9.63-12.50 | 9.63-12.50 | 9.63-12.50 | 9.63-12.50 | 9.63-12.50 | 8.38-12.50 | 8.38-11.00 | 8.38-11.00 | 8.00-11.00 |
| (vii) Exceeding 36 and up to 48 months | 9.00-11.00 | 9.00-12.50 | 9.00-11.00 | 9.00-11.50 | 9.00-12.00 | 9.75-12.00 | 9.63-12.00 | 9.75-12.00 | 9.63-12.50 | 9.63-12.50 | 9.63-12.50 | 9.75-12.50 | 9.75-12.50 | 8.38-12.50 | 8.38-11.25 | 8.38-11.25 | 8.00-11.25 |
| (viii) Over 48 months | 9.00-14.00 | 9.00-14.00 | 9.00-14.00 | 9.00-11.50 | 9.00-11.25 | 9.75-11.25 | 9.75-11.25 | 9.75-11.25 | 9.75-11.25 | 9.75-11.25 | 9.75-11.25 | 9.75-11.25 | 9.75-11.75 | 9.75-11.75 | 8.75-10.00 | 8.75-10.00 | 8.75-10.00 |
| 1 As on the last day of the month. | |||||||||||||||||