Rate ceiling for Jan. 25 - Jan. 31

Rate ceiling for Jan. 25 - Jan. 31

JAKARTA (JP): The central bank announced over the weekend that
the ceilings of interest rates on rupiah and dollar time deposits
covered by the government's deposit guarantee scheme for the
fourth week of January are as follows:

Time deposit Maximum rate Maximum rate

Rp deposit (%) $ deposit (%)
-------------------------------------------------
1-month 42 13
3-month 38 13
6-month 35 12
12-month 34 12
24-month 25 13

Maximum overnight rate for rupiah : 34 percent
Maximum overnight rate for U.S. dollars: 7 percent
* Maximum interest rates which are covered by government guarantee.

Source: Bank Indonesia