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"continued from the previous page"
Table 6 THE NATIONALBANK'S OFFICIAL INTEREST RATES
Per cent
per annum |
Discount
rate |
Current
account
deposits1) |
Repurchase
agreements
and certificates
of deposit2) |
| 1990 |
8.50 |
9.50 |
• |
| 1991 |
9.50 |
9.50 |
• |
| 1992 |
9.50 |
9.50 |
13.00 |
| 1993 |
6.25 |
6.25 |
6.75 |
| 1994 |
5.00 |
5.00 |
5.50 |
| 1995 |
4.25 |
4.25 |
4.60 |
| 1996 |
3.25 |
3.25 |
3.50 |
| 1997 |
3.50 |
3.50 |
3.75 |
| 1998 |
3.50 |
3.50 |
3.95 |
|
| 1994 Jan. 6 |
6.00 |
6.00 |
6.50 |
| - 19 |
5.75 |
5.75 |
6.25 |
| Feb. 18 |
5.50 |
5.50 |
6.00 |
| April 15 |
5.25 |
5.25 |
5.90 |
| May 2 |
|
|
5.80 |
| - 11 |
|
|
5.70 |
| - 13 |
5.00 |
5.00 |
|
| - 19 |
|
|
5.60 |
| July 7 |
|
|
5.50 |
|
| 1995 March 8 |
6.00 |
6.00 |
7.00 |
| April 6 |
|
|
6.75 |
| - 27 |
|
|
6.50 |
| May 18 |
|
|
6.35 |
| July 6 |
5.75 |
5.75 |
6.20 |
| - 27 |
|
|
6.05 |
| Aug. 3 |
5.50 |
5.50 |
5.90 |
| - 25 |
5.00 |
5.00 |
5.65 |
| Sept. 7 |
|
|
5.50 |
| - 28 |
|
|
5.40 |
| Oct. 5 |
|
|
5.30 |
|
| 1995 Nov. 9 |
4.75 |
4.75 |
5.15 |
| - 23 |
|
|
5.00 |
| Dec. 15 |
4.25 |
4.25 |
4.75 |
| - 28 |
|
|
4.60 |
|
| 1996 Jan. 11 |
|
|
4.50 |
| - 25 |
4.00 |
4.00 |
4.35 |
| Feb. 8 |
|
|
4.25 |
| March 7 |
3.75 |
3.75 |
4.10 |
| - 21 |
|
|
4.00 |
| April 1 |
|
|
3.90 |
| - 19 |
3.25 |
3.25 |
3.80 |
| June 6 |
|
|
3.70 |
| Aug. 23 |
|
|
3.50 |
|
| |
| 1997 Oct. 10 |
3.50 |
3.50 |
3.75 |
| 1998 May 6 |
4.00 |
4.00 |
4.25 |
| - 29 |
3.75 |
3.75 |
4.00 |
| Sept. 21 |
4.25 |
4.25 |
5.00 |
| Oct. 8 |
|
|
4.75 |
| - 22 |
|
|
4.65 |
| Nov. 5 |
4.00 |
4.00 |
4.40 |
| - 26 |
|
|
4.25 |
| Dec. 4 |
3.50 |
3.50 |
3.95 |
|
| 1999 Jan. 7 |
|
|
3.75 |
| Feb. 4 |
3.25 |
3.25 |
3.50 |
|
Note: Interest rates at year-end or as from the date stated.
1) As from April 1992 until end-April 1997 interest-earning deposits were subject to maximum limits. Until end-March 1992 the banks also had access to drawings on current account. The rate of interest for these drawings was ½ to 1 per cent higher.
2) The Nationalbank's interest rate for repurchase agreements in central-government securities as well as for sale and repurchase of the Nationalbank's certificates of deposit. On purchasing certificates of deposit before expiry the Nationalbank's buy-back price is normally based on a slightly higher interest rate. The interest rates stated exclude this premium. |
"to be continued on next page"
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