| Table 21: Principal Interest Rates |
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(Per
cent per annum) |
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Jun-98 |
Sep-98 |
Oct-98 |
Nov-98 |
Dec-98 |
Jan-99 |
Feb-99 |
Mar-99 |
Apr-99 |
May-99 |
Jun-99 |
Jul-99 |
Aug-99 |
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| I.
LENDING |
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| Bank of Mauritius |
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| Bank Rate 1 |
9.03 |
10.17 |
10.71 |
11.93 |
12.19 |
12.72 |
12.70 |
12.60 |
12.56 |
12.63 |
12.66 |
12.82 |
12.71 |
| Commercial Banks |
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| (i)
Mauritius Sugar Syndicate |
11.00-13.00 |
10.50-13.00 |
10.50-13.00 |
10.50-12.50 |
10.50-13.50 |
10.50-13.50 |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
| (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 |
| (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 |
11.25-19.50 |
11.25-19.50 |
11.25-19.50 |
11.25-19.50 |
11.25-19.50 |
| (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 |
10.00-22.50 |
10.00-22.50 |
10.00-22.50 |
10.00-22.50 |
10.00-20.00 |
10.00-20.00 |
10.00-20.00 |
| (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 |
| (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 |
12.50-20.00 |
12.50-20.00 |
12.50-20.00 |
12.50-20.00 |
12.50-20.00 |
10.75-20.50 |
| (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 |
11.00-20.50 |
11.00-20.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
| (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 |
13.50-18.50 |
13.50-18.50 |
13.50-18.50 |
12.50-18.50 |
12.50-18.50 |
12.50-18.50 |
12.50-18.50 |
| (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 |
10.75-20.50 |
10.75-20.50 |
10.75-20.50 |
10.75-20.50 |
10.75-20.50 |
10.75-20.50 |
| (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 |
| (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 |
11.50-20.50 |
12.00-20.50 |
12.00-20.50 |
12.00-20.50 |
12.00-20.50 |
12.00-20.50 |
12.00-20.50 |
| (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 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-21.50 |
| (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 |
| (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 |
| (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 |
10.00-20.50 |
10.00-20.50 |
10.00-21.00 |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
| (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 |
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| II. DEPOSITS |
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| 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 |
| 2.
Seven Days' Notice |
8.00-9.00 |
8.00-8.50 |
8.00-9.00 |
8.00-9.25 |
8.25-10.00 |
8.25-10.00 |
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 |
| 3.
Fixed Deposits |
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| (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 |
9.00-10.50 |
9.00-10.50 |
9.00-10.50 |
9.00-10.50 |
9.00-11.50 |
9.00-10.50 |
9.00-10.50 |
| (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 |
9.00-10.50 |
9.13-10.75 |
9.00-11.00 |
9.13-10.50 |
9.00-11.00 |
9.00-11.25 |
9.00-11.06 |
9.00-12.00 |
| (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 |
9.25-11.50 |
9.00-11.50 |
9.25-12.00 |
9.25-12.00 |
9.25-12.00 |
9.00-12.00 |
9.00-12.00 |
9.00-12.00 |
| (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 |
9.37-11.50 |
9.50-11.25 |
9.50-11.13 |
9.50-11.50 |
9.50-12.00 |
9.50-12.00 |
9.50-12.00 |
9.50-12.00 |
| (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 |
9.50-11.50 |
9.50-11.50 |
9.50-12.00 |
9.38-11.50 |
9.38-11.50 |
9.38-11.50 |
9.38-11.50 |
| (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 |
9.37-11.75 |
9.63-11.50 |
9.63-11.75 |
9.63-12.00 |
9.63-12.00 |
9.63-12.00 |
9.63-12.00 |
9.63-12.00 |
| (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 |
9.75-12.00 |
9.75-12.00 |
9.75-12.00 |
9.75-12.00 |
9.63-12.00 |
9.75-12.00 |
9.75-12.00 |
| (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 |
9.75-11.25 |
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| 1 As on the last day of the month. |
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