Sat, 05 Dec 1998

Rate ceiling for Dec. 7 - Dec. 13

Time deposit Maximum rate Maximum rate

Rp deposit (%) $ deposit (%)

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1-month 46 15

3-month 42 14

6-month 36 14

12-month 34 14

24-month 24 16

Maximum overnight rate for rupiah : 40 percent

Maximum overnight rate for U.S. dollars: 10 percent

* Maximum interest rates which are covered by government guarantee.

Source: Bank Indonesia