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Table 21: Principal Interest Rates |
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(Per cent per annum) |
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Dec-97 |
Jun-98 |
Aug-98 |
Sep-98 |
Oct-98 |
Nov-98 |
Dec-98 |
Jan-99 |
Feb-99 |
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I. LENDING |
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Bank of Mauritius |
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Bank Rate * |
8.96 |
9.03 |
9.82 |
10.17 |
10.71 |
11.93 |
12.19 |
12.72 |
12.70 |
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Commercial Banks |
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(i) Mauritius Sugar Syndicate |
10.50-13.00 |
11.00-13.00 |
10.50-13.00 |
10.50-13.00 |
10.50-13.00 |
10.50-12.50 |
10.50-13.50 |
10.50-13.50 |
12.00-13.50 |
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(ii) Sugar Industry |
11.25-17.50 |
11.25-18.00 |
11.25-17.50 |
11.25-17.50 |
11.25-17.50 |
10.00-18.50 |
10.00-19.00 |
10.00-18.00 |
10.00-18.00 |
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(iii) Other Agriculture |
11.50-18.50 |
11.50-19.50 |
11.50-18.50 |
11.50-18.50 |
11.50-18.25 |
11.25-18.50 |
11.25-19.00 |
11.25-19.50 |
11.25-19.50 |
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(iv) EPZ |
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 |
10.00-22.50 |
10.00-22.50 |
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(v) DC |
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 |
11.75-17.00 |
11.75-17.00 |
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(vi) Small-Scale Industries |
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 |
12.50-20.00 |
12.50-20.00 |
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(vii) Transport |
13.50-19.50 |
12.25-19.50 |
13.50-19.50 |
12.25-19.50 |
12.25-19.50 |
11.00-20.50 |
11.00-20.50 |
11.00-20.50 |
11.00-20.50 |
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(viii) Hotels |
14.00-18.50 |
12.50-18.00 |
12.50-18.00 |
12.50-18.50 |
12.50-18.00 |
13.50-18.50 |
13.50-19.00 |
13.50-18.50 |
13.50-18.50 |
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(ix) Other Industries & Manufacturers |
12.50-20.00 |
12.50-19.50 |
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 |
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(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 |
12.50-16.50 |
12.50-16.50 |
12.50-16.50 |
12.50-16.50 |
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(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 |
12.00-20.50 |
12.00-20.50 |
11.50-20.50 |
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(xii) Traders |
13.00-21.00 |
14.00-21.00 |
14.00-21.00 |
14.00-21.00 |
14.00-19.50 |
10.00-19.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
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(xiii) Stock Brokers |
16.00-18.00 |
16.00-17.50 |
12.00-17.50 |
12.00-17.50 |
12.00-17.50 |
11.00-18.50 |
11.00-18.50 |
11.00-18.50 |
11.00-18.50 |
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(xiv) Financial Institutions |
16.00-18.00 |
16.00-17.50 |
15.50-17.50 |
15.50-17.50 |
15.50-17.50 |
12.00-18.50 |
12.00-18.50 |
12.00-18.50 |
12.00-18.50 |
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(xv) Personal & Professional |
12.50-19.50 |
13.50-19.50 |
13.50-19.50 |
13.50-19.50 |
13.50-19.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
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(xvi) Other Customers |
12.00-19.50 |
14.50-19.50 |
14.50-19.50 |
14.50-19.50 |
14.50-19.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
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II. DEPOSITS |
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1. Savings |
8.00 |
8.00 |
8.00 |
8.00 |
8.00 |
9.00 |
9.00 |
9.00 |
9.00 |
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2. Seven Days' Notice |
8.00-9.00 |
8.00-9.00 |
8.00-8.50 |
8.00-8.50 |
8.00-9.00 |
8.00-9.25 |
8.25-10.00 |
8.25-10.00 |
8.25-10.00 |
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3. Fixed Deposits |
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(i) Up to 3 months |
8.00-8.75 |
8.00-10.00 |
8.00-8.75 |
8.00-9.00 |
8.00-9.25 |
8.00-9.50 |
9.00-10.50 |
9.00-10.50 |
9.00-10.50 |
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(ii) Exceeding 3 & up to 6 months |
8.00-9.25 |
8.00-10.00 |
8.00-9.00 |
8.00-9.50 |
8.12-9.62 |
8.12-9.50 |
8.12-10.50 |
9.00-10.50 |
9.13-10.75 |
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(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 |
8.12-10.00 |
8.12-11.75 |
9.25-11.50 |
9.00-11.50 |
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(iv) Exceeding 12 & up to 18 months |
8.37-11.00 |
8.37-10.00 |
8.37-9.25 |
8.37-9.25 |
8.37-10.00 |
8.37-10.25 |
8.37-11.75 |
9.37-11.50 |
9.50-11.25 |
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(v) Exceeding 18 & up to 24 months |
8.50-9.50 |
8.50-10.00 |
8.50-9.25 |
8.50-9.50 |
8.50-9.25 |
8.50-11.00 |
8.50-11.50 |
9.50-11.50 |
9.50-11.50 |
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(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 |
8.25-11.25 |
8.62-11.50 |
9.37-11.75 |
9.63-11.50 |
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(vii) Exceeding 36 & up to 48 months |
8.50-12.00 |
9.00-11.00 |
9.00-11.00 |
9.00-12.50 |
9.00-11.00 |
9.00-11.50 |
9.00-12.00 |
9.75-12.00 |
9.75-12.00 |
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(viii) Over 48 months |
9.00-14.50 |
9.00-14.00 |
9.00-14.00 |
9.00-14.00 |
9.00-14.00 |
9.00-11.50 |
9.00-11.25 |
9.75-11.25 |
9.75-11.25 |
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* As on the last day of the month. |
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Last Updated on 4/14/99
By bom