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