Sat, 07 Nov 1998

Bank interest rates

Rate ceiling for Nov.9-Nov.15*

Time deposit Maximum rate Maximum rate

rupiah deposit (%) U.S. dollar deposit (%)

---------------------------------------------------------

1-month 57 15

3-month 56 14

6-month 47 14

12-month 45 14

24-month 30 18

Maximum overnight rate for rupiah : 47 percent

Maximum overnight rate for U.S. dollars: 13 percent

* Maximum bank time deposit and overnight interest rates which are covered by government guarantee.

Source: Bank Indonesia