Table 22: Principal
Interest Rates |
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(As on the last day of
the month) |
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(Per cent per annum) |
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Jun-99 |
Dec-99 |
Mar-00 |
Jun-00 |
Sep-00 |
Dec-00 |
Jan-01 |
Feb-01 |
Mar-01 |
Apr-01 |
May-01 |
Jun-01 |
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I. LENDING
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Bank of Mauritius |
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Lombard Rate |
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14.00 |
13.00 |
11.50 |
12.00 |
12.50 |
12.50 |
12.50 |
12.50 |
12.50 |
12.00 |
12.00 |
Bank Rate |
12.66 |
11.92 |
11.08 |
10.65 |
10.01 |
11.07 |
10.98 |
11.29 |
11.24 |
11.65 |
11.24 |
11.14 |
Commercial Banks |
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A: Prime Rate |
10.00-13.00 |
10.00-13.00 |
11.00-13.00 |
10.00-12.00 |
10.00-11.50 |
11.00-12.25 |
11.00-12.25 |
11.00-12.25 |
11.00-12.25 |
11.00-12.25 |
11.00-12.25 |
10.50-11.75 |
B: Sectoral Rates |
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(i) Mauritius Sugar
Syndicate |
12.00-13.50 |
12.00-13.50 |
11.00-13.50 |
9.50-12.50 |
9.50-12.00 |
10.50-12.00 |
10.50-12.00 |
10.50-12.00 |
10.50-12.00 |
10.50-12.00 |
10.50-12.00 |
10.00-11.50 |
(ii) Sugar Industry |
10.00-18.00 |
10.00-18.00 |
10.00-18.00 |
9.63-17.50 |
9.63-17.50 |
10.50-18.25 |
10.50-18.25 |
10.63-18.25 |
10.63-17.50 |
10.63-17.50 |
10.63-17.50 |
10.25-17.50 |
(iii) Other
Agriculture |
11.25-19.50 |
11.25-18.50 |
11.25-18.50 |
10.00-18.50 |
10.00-18.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.25 |
10.50-18.75 |
(iv) EPZ |
10.00-20.00 |
10.00-18.50 |
10.00-18.50 |
10.00-18.50 |
10.00-18.00 |
10.00-17.75 |
10.00-17.75 |
10.00-17.75 |
10.00-18.50 |
10.00-18.50 |
10.00-18.50 |
10.00-18.50 |
(v) DC |
11.75-17.00 |
11.75-17.00 |
11.50-17.00 |
10.00-17.00 |
10.00-17.00 |
11.00-17.75 |
11.00-17.75 |
11.00-17.75 |
11.00-17.00 |
11.00-17.00 |
11.00-17.00 |
10.50-17.00 |
(vi) Small-scale
Industries |
12.50-20.00 |
10.75-20.00 |
11.50-20.00 |
10.00-20.00 |
10.00-19.50 |
11.00-20.25 |
11.00-20.25 |
11.00-20.25 |
11.00-20.00 |
11.00-20.00 |
11.00-20.00 |
10.50-20.00 |
(vii) Transport |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.50-20.25 |
11.50-20.25 |
11.50-20.25 |
11.50-19.50 |
11.50-19.50 |
11.50-19.50 |
11.00-19.50 |
(viii) Hotels |
12.50-18.50 |
12.50-18.50 |
11.50-18.00 |
11.00-18.00 |
10.75-18.00 |
11.00-18.00 |
11.00-18.00 |
11.00-18.00 |
11.00-18.00 |
11.00-18.00 |
11.00-18.00 |
10.50-17.50 |
(ix) Other Industries
and Manufacturers |
10.75-20.50 |
10.75-19.50 |
10.75-19.50 |
10.00-19.50 |
10.00-19.00 |
11.00-20.25 |
11.00-20.25 |
11.00-20.25 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
10.50-19.50 |
(x) Statutory and
Parastatal Bodies |
12.50-16.50 |
12.50-16.50 |
12.50-16.50 |
11.25-15.50 |
11.25-14.50 |
12.00-15.50 |
12.00-15.50 |
12.00-15.50 |
12.00-15.50 |
12.00-15.50 |
12.00-15.50 |
11.50-16.50 |
(xi) Housing |
12.00-20.50 |
12.00-20.50 |
11.50-19.50 |
10.00-20.50 |
10.00-20.00 |
11.00-21.25 |
11.00-21.25 |
11.00-21.25 |
11.00-20.50 |
11.00-20.50 |
11.00-20.50 |
10.50-20.50 |
(xii) Traders |
10.00-20.50 |
11.00-21.50 |
11.00-21.50 |
10.00-20.50 |
10.00-20.00 |
10.50-20.75 |
10.50-20.75 |
10.50-20.75 |
10.50-20.50 |
10.50-20.50 |
10.50-20.50 |
10.00-20.50 |
(xiii) Stock Brokers |
11.00-18.50 |
11.00-18.50 |
11.00-17.50 |
13.75-16.50 |
13.75-16.00 |
14.75-17.00 |
14.75-17.00 |
14.75-17.00 |
14.75-17.00 |
14.75-17.00 |
14.75-17.00 |
14.50-16.50 |
(xiv) Financial
Institutions |
12.00-18.50 |
12.00-18.50 |
12.00-18.00 |
12.00-17.00 |
10.50-16.00 |
11.50-17.00 |
11.50-17.00 |
11.50-17.00 |
11.50-17.00 |
11.50-17.00 |
11.50-17.00 |
11.00-16.50 |
(xv) Personal and
Professional |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-20.50 |
10.00-22.00 |
11.00-22.50 |
11.00-22.50 |
11.50-22.50 |
11.00-20.50 |
10.75-20.50 |
10.75-20.50 |
10.50-20.50 |
(xvi) Other Customers |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.00 |
11.00-20.75 |
11.00-20.75 |
11.50-20.75 |
11.50-20.50 |
11.50-20.50 |
11.50-20.50 |
11.00-20.50 |
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II. DEPOSITS |
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1. Savings |
9.00 |
9.00 |
8.00-9.00 |
6.50-8.50 |
6.50-7.00 |
7.50 |
7.50 |
7.50 |
7.50 |
7.50 |
7.50 |
7.00 |
2. Seven Days' Notice |
8.25-10.00 |
8.25-10.00 |
7.25-10.00 |
5.75-9.25 |
6.50-8.25 |
7.50-8.50 |
7.50-9.00 |
6.50-9.00 |
6.50-9.00 |
6.50-9.00 |
6.50-9.00 |
7.00-9.00 |
3. Fixed Deposits |
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(i) Up to 3 months |
9.00-11.50 |
9.00-11.50 |
8.00-11.25 |
6.50-9.87 |
6.50-8.25 |
7.50-9.25 |
7.50-9.25 |
7.50-9.25 |
7.50-9.00 |
7.50-9.00 |
7.50-9.00 |
7.00-8.75 |
(ii) Exceeding 3 and
up to 6 months |
9.00-11.25 |
9.00-11.80 |
8.13-11.25 |
6.50-9.75 |
6.50-8.50 |
7.63-10.00 |
7.63-10.00 |
7.63-10.00 |
7.63-10.00 |
7.63-10.00 |
7.25-10.00 |
7.13-9.30 |
(iii) Exceeding 6 and
up to 12 months |
9.00-12.00 |
9.00-12.00 |
8.25-12.00 |
6.88-10.75 |
6.75-9.75 |
7.75-11.60 |
7.75-11.60 |
7.75-11.60 |
7.75-11.60 |
7.88-11.60 |
7.88-11.40 |
7.25-11.40 |
(iv) Exceeding 12 and
up to 18 months |
9.50-12.00 |
9.50-12.00 |
8.38-12.00 |
7.50-10.00 |
7.00-10.00 |
7.88-11.50 |
7.88-11.50 |
8.00-11.50 |
8.00-11.50 |
8.00-11.25 |
8.00-11.25 |
7.38-11.00 |
(v) Exceeding 18 and
up to 24 months |
9.38-11.50 |
9.38-12.00 |
8.38-12.00 |
7.50-10.50 |
7.00-10.00 |
8.00-11.50 |
8.00-12.00 |
8.00-12.00 |
8.00-11.50 |
8.00-12.00 |
8.00-11.25 |
7.50-12.00 |
(vi) Exceeding 24 and
up to 36 months |
9.63-12.00 |
9.63-12.50 |
8.38-12.50 |
8.00-11.00 |
7.12-11.00 |
8.13-10.50 |
8.13-11.00 |
8.13-11.75 |
8.13-11.50 |
8.13-11.50 |
8.13-11.25 |
7.63-11.25 |
(vii) Exceeding 36 and
up to 48 months |
9.63-12.00 |
9.63-12.50 |
8.38-12.50 |
8.00-11.25 |
7.25-11.00 |
8.25-11.38 |
8.13-11.50 |
8.13-11.50 |
8.13-11.50 |
8.13-11.50 |
8.13-11.50 |
7.75-11.50 |
(viii) Over 48 months |
9.75-11.25 |
9.75-11.25 |
9.75-11.75 |
8.75-10.00 |
9.00-11.00 |
8.50-11.50 |
8.50-11.50 |
8.50-11.50 |
8.50-11.50 |
8.50-11.50 |
8.50-11.50 |
8.00-11.50 |
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