Sat, 08 Aug 1998

Maximum interest rates for Aug.10/Aug.17

JAKARTA (JP): The maximum time deposit interest rates and interbank overnight rates guaranteed by Bank Indonesia for the period Aug. 10 to Aug. 17 are as follows:

Time deposit Maximum rate Maximum rate

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

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

1-month 57 15

3-month 51 14

6-month 42 14

12-month 41 14

24-month 26 18

Maximum overnight rate for rupiah : 62 percent

Maximum overnight rate for U.S. dollars: 20 percent

Source: Bank Indonesia