4.04 Interest Rates - Monthly (2003- Sep.

2017)

Money Rates
Government Treasury Bills Commercial Bank's Rates on Deposits Commercial Bank's Rates on Advances
Fixed Deposits Loans and Overdrafts
Primary Market (b) Yield Weighted Weighted
Over night
Rates Average Secured by Average
Bank Rate (a) Deposit Rate Bills Prime
End of Period Inter-Bank Call Savings
(AWDR) Purchased and Lending Rate
Loans 3 Months 6 Months 12 Months 24 Months Deposits Stock in Trade Unsecured
12-Month SDF Rate SLF Rate (c) Discounted Immovable (AWPR) (d)
3-Month Others
(e) (f) (f) Property

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18)
2014 January 15.00 6.82 7.14 6.50 8.00 7.40-7.50 5.00-15.00 5.00-12.15 5.60-15.60 6.10-15.00 0.75-9.00 9.14 3.75-22.00 8.00-23.00 5.00-25.00 4.75-33.00 7.75-24.00 9.65
February 15.00 6.72 7.07 6.50 8.00 6.90-7.00 5.00-15.00 5.00-12.37 5.60-15.50 6.10-15.00 0.75-9.00 8.83 3.75-22.00 7.60-23.00 5.00-24.00 4.75-33.00 7.75-24.00 9.40
March 15.00 6.65 7.05 6.50 8.00 6.90-7.00 5.00-11.00 5.00-12.15 5.50-14.75 6.10-15.00 0.75-9.00 8.45 3.25-22.00 7.25-23.00 5.00-24.00 4.75-33.00 7.50-24.00 8.81
April 15.00 6.58 7.02 6.50 8.00 6.90-6.95 5.00-11.00 5.00-11.74 5.45-14.50 6.10-15.00 0.75-9.00 8.06 4.25-22.00 7.25-24.00 5.00-24.00 4.75-33.00 7.25-24.00 8.65
May 15.00 6.56 7.02 6.50 8.00 6.95 5.00-9.50 5.00-11.72 5.45-14.50 6.10-14.00 0.75-9.00 7.74 4.25-22.00 7.25-24.00 5.00-24.00 4.75-33.00 7.10-24.00 8.38
June 15.00 6.51 6.99 6.50 8.00 6.95-7.00 4.55-9.50 4.70-10.52 4.75-14.50 5.20-14.00 1.25-8.00 7.40 4.25-22.00 7.25-24.00 4.75-24.00 5.00-33.00 6.75-24.00 8.03
July 15.00 6.43 6.68 6.50 8.00 6.65-6.80 4.45-9.50 4.50-10.25 4.55-13.00 4.85-14.00 0.75-8.00 7.16 3.25-22.00 7.00-23.00 4.75-24.00 5.00-33.00 6.95-24.00 7.64
August 15.00 6.19 6.30 6.50 8.00 6.70 4.20-9.50 4.30-9.75 4.15-12.00 4.30-14.00 0.75-9.50 7.02 3.25-22.00 7.00-24.00 4.75-24.00 5.00-33.00 6.50-24.00 7.28
September 15.00 6.15 5.89 6.50 8.00 5.60-5.80 4.00-7.75 4.30-9.75 4.15-12.00 4.30-14.00 0.75-9.50 6.83 3.25-22.00 6.00-24.00 4.75-24.00 5.67-33.00 5.50-24.00 6.93
October 15.00 6.15 6.00 6.50 8.00 6.00 2.50-8.75 3.90-9.75 3.95-12.00 4.15-14.00 0.75-8.50 6.72 3.75-22.00 6.00-24.00 4.75-24.00 5.00-33.00 5.44-24.00 6.44
November 15.00 6.15 6.00 6.50 8.00 5.95-6.00 3.50-8.75 3.90-9.75 3.95-12.00 4.15-14.00 0.75-8.00 6.42 3.25-22.00 6.00-24.00 4.75-24.00 5.00-32.00 5.44-24.00 6.49
December 15.00 5.74 6.01 6.50 8.00 6.00-6.50 3.50-7.00 3.90-9.75 3.95-12.00 4.15-14.00 0.50-8.00 6.20 3.25-22.00 5.90-24.00 4.75-24.00 5.00-32.00 5.44-24.00 6.35

2015 January 15.00 5.80 6.05 6.50 8.00 5.70-6.50 3.50-9.50 3.90-10.50 3.95-15.00 4.15-14.00 0.50-8.00 5.94 3.25-22.00 5.90-24.00 4.75-24.00 5.00-32.00 5.60-24.00 6.36
February 15.00 5.98 6.13 6.50 8.00 6.00-6.75 0.25-9.50 3.90-7.50 3.95-15.00 4.15-14.00 0.50-8.00 5.90 3.25-22.00 5.90-24.00 4.75-24.00 5.00-32.00 5.70-24.00 6.45
March 15.00 6.55 6.76 6.50 8.00 6.55-6.70 3.50-9.50 3.90-9.75 3.95-15.00 4.15-14.00 0.50-8.00 5.83 3.25-22.00 3.00-24.00 4.75-24.00 5.00-32.00 5.75-24.00 6.90
April 15.00 6.15 6.39 6.00 7.50 6.10-6.20 3.50-9.50 3.90-9.75 3.95-15.00 4.15-14.00 0.50-8.00 5.83 3.75-22.00 6.00-24.00 4.75-24.00 5.00-32.00 5.80-24.00 7.16
May 15.00 6.07 6.29 6.00 7.50 6.00-6.10 3.50-9.50 3.90-9.75 3.95-15.00 4.15-13.50 0.50-8.00 5.95 2.18-22.00 6.00-24.00 4.75-24.00 5.00-32.00 6.00-24.00 7.05
June 15.00 6.11 6.28 6.00 7.50 6.10-6.15 3.25-9.50 3.90-9.75 3.95-15.00 4.15-13.50 0.50-8.00 6.02 2.19-22.00 6.00-24.00 5.00-24.00 5.00-32.00 6.00-24.00 7.00
July 15.00 6.28 6.48 6.00 7.50 6.10 3.40-7.50 3.90-9.75 3.95-15.00 4.15-13.25 0.50-8.00 6.00 2.19-22.00 6.00-24.00 4.19-24.00 5.00-32.00 6.00-24.00 6.91
August 15.00 6.53 6.97 6.00 7.50 6.25-6.30 3.40-7.50 3.90-9.75 3.95-15.00 4.15-13.25 0.50-8.50 6.01 2.19-22.00 6.00-24.00 4.75-24.00 5.00-32.00 6.00-24.00 6.82
September 15.00 6.78 7.18 6.00 7.50 6.35 3.40-8.30 3.90-9.75 3.95-15.00 4.15-13.25 0.50-8.00 6.00 2.19-22.00 5.33-24.00 4.75-24.00 5.00-32.00 6.00-24.00 6.94
October 15.00 6.61 7.06 6.00 7.50 6.25-6.35 3.40-8.30 3.90-8.85 3.95-15.00 4.15-12.75 0.50-8.00 6.05 2.19-22.00 5.31-24.00 4.75-24.00 5.00-32.00 6.00-24.00 7.18
November 15.00 6.44 6.92 6.00 7.50 6.30 3.40-8.25 3.90-8.50 3.95-15.00 4.15-12.50 0.50-8.50 6.11 3.00-22.58 6.00-24.00 4.48-24.00 5.00-32.00 2.50-24.00 7.32
December 15.00 6.45 7.30 6.00 7.50 6.40 3.10-11.10 3.90-9.50 3.95-15.00 4.15-12.50 0.50-8.00 6.20 3.00-22.58 6.00-24.00 4.74-24.00 5.00-32.00 2.50-24.00 7.40

2016 January 15.00 6.78 7.80 6.00 7.50 6.70-6.80 3.75-11.10 3.90-9.50 3.95-15.00 4.15-12.50 0.50-8.50 6.26 3.00-22.58 6.65-24.00 4.74-24.00 5.00-32.00 2.50-24.00 7.76
February 15.00 7.14 8.50 6.50 8.00 7.50-7.55 3.75-10.00 3.90-9.50 3.95-15.00 4.15-12.50 0.50-8.50 6.33 3.00-22.58 6.65-24.00 3.93-24.00 5.00-32.00 2.50-24.00 8.28
March 15.00 8.90 10.64 6.50 8.00 8.00-8.15 3.75-10.25 3.90-10.15 3.95-15.00 4.15-12.50 0.50-8.50 6.44 3.25-22.00 3.25-24.00 2.00-25.00 1.88-30.00 6.00-24.00 8.87
April 15.00 8.45 10.17 6.50 8.00 8.05-8.15 4.00-10.25 4.00-10.75 4.00-15.00 5.00-12.50 0.50-8.50 6.58 2.44-22.00 3.25-24.00 2.00-25.00 1.89-25.00 6.24-24.00 9.55
May 15.00 8.71 10.48 6.50 8.00 8.15-8.17 4.00-11.25 4.50-11.50 4.50-15.00 5.00-12.50 0.50-8.50 6.72 2.46-22.00 3.25-24.00 2.00-24.00 2.00-25.00 6.00-24.00 10.10
June 15.00 8.88 10.55 6.50 8.00 8.18-8.20 4.00-11.25 4.50-11.75 4.50-15.00 5.00-12.50 0.50-9.00 6.87 2.47-22.00 2.00-24.00 2.00-25.00 2.00-24.00 6.00-24.00 10.48
July 15.00 8.80 10.48 7.00 8.50 8.40 4.00-12.00 4.50-12.00 4.50-15.00 5.00-12.75 0.50-9.00 7.10 2.49-22.00 2.00-24.00 2.00-25.00 1.50-24.00 6.00-24.00 10.87
August 15.00 9.03 10.73 7.00 8.50 8.40 4.00-12.90 4.50-12.50 4.50-15.00 5.00-12.75 0.50-9.00 7.32 2.52-24.00 2.66-24.00 2.00-25.00 1.50-25.00 6.00-26.00 11.76
September 15.00 8.55 10.11 7.00 8.50 8.42 4.00-12.95 4.50-12.50 4.50-15.00 5.00-13.00 0.50-9.00 (g) 7.56 2.53-24.00 2.00-24.00 1.50-25.00 1.50-25.00 6.00-26.00 12.29
October 15.00 8.60 10.24 7.00 8.50 8.42 4.00-12.75 4.50-13.00 4.50-15.00 5.00-12.50 0.50-9.00 (g) 7.79 2.53-24.00 3.64-24.00 1.50-25.00 1.00-25.00 6.50-26.00 12.25
November 15.00 8.60 10.10 7.00 8.50 8.42-8.44 4.00-13.50 4.50-13.50 4.50-15.00 5.13-12.75 0.50-9.00 8.00 2.62-24.00 3.71-24.00 2.00-24.00 1.00-25.00 6.00-24.00 11.98
December 15.00 8.72 10.17 7.00 8.50 8.40-8.44 4.00-13.50 4.50-13.50 4.50-15.00 5.40-13.00 0.50-9.00 8.17 2.00-24.00 3.00-24.00 1.50-24.00 1.00-25.00 3.50-24.00 11.73
2017 January 15.00 9.03 10.37 7.00 8.50 8.35-8.40 4.25-13.50 4.50-13.50 4.89-15.00 5.40-13.00 0.50-9.00 8.42 1.03-24.00 3.88-24.00 2.00-24.00 1.00-26.00 6.00-24.00 11.48
February 15.00 9.32 10.58 7.00 8.50 8.49-8.50 4.25-13.25 4.50-13.50 4.89-15.00 5.40-.13.00 0.50-9.00 8.66 1.06-24.00 3.25-24.00 2.00-25.00 1.00-26.00 6.00-24.00 11.55
March 15.00 9.63 10.98 7.25 8.75 8.75 4.25-13.50 4.50-13.50 4.89-15.00 5.40-13.25 0.50-9.00 8.81 3.29-24.00 7.50-24.00 5.00-24.00 6.00-25.00 4.07-24.00 11.56
April 15.00 9.73 11.02 7.25 8.75 8.65-8.75 4.25-13.66 4.50-13.75 4.89-15.00 5.40-14.00 0.50-9.00 8.89 3.29-24.00 7.50-24.00 5.00-24.00 5.00-25.00 7.75-24.00 11.74
May 15.00 9.61 10.71 7.25 8.75 8.70-8.75 4.00-13.60 4.50-14.12 4.89-15.00 5.40-14.00 0.50-9.00 8.99 3.29-24.00 3.98-24.00 5.00-24.00 4.07-25.00 2.00-24.00 11.67
June 15.00 9.60 10.47 7.25 8.75 8.75 4.00-13.60 4.50-14.12 4.89-15.00 5.40-14.00 0.50-9.00 9.13 3.29-24.00 3.92-24.00 5.00-24.00 2.50-25.00 2.00-24.00 11.84
July 15.00 9.44 9.99 7.25 8.75 8.70-8.75 4.00-13.40 4.50-14.12 4.89-15.00 5.40-14.00 0.50-9.50 9.19 6.00-24.00 4.00-28.00 5.00-28.00 5.00-28.00 7.75-28.00 11.88
August 15.00 8.87 9.67 7.25 8.75 7.95-8.30 4.00-13.25 4.50-14.12 4.89-15.00 5.40-14.00 0.50-9.50 9.21 6.00-27.00 3.50-28.00 5.00-30.00 1.50-30.00 3.00-36.87 11.67
September 15.00 8.71 9.10 7.25 8.75 8.00-8.30 4.00-12.50 4.50-13.50 4.89-15.00 5.40-13.00 0.50-9.50 9.25 6.00-27.00 7.50-28.00 4.00-30.00 1.00-30.00 5.50-36.87 11.42

(a) This is the rate at which the Central Bank grants advances to Commercial Banks for their temporary liquidity purposes. With effect from 4 January 1991, the rate was increased to 17 per cent from 15 per cent. As at end of 1999 this rate was 16 per cent. With effect from 2 October 2000, the rate was increased to 18 per
cent and further increased to 25 per cent with effect from 21 November 2000. With effect from 2 July 2001, this rate was brought down to 23 per cent and further reduced to 18 per cent with effect from 27 December 2001. On 15 August 2003, the rate was reduced to 15 per cent.

(b) Yield rates prevailing at the end of the period.

(c) The Average Weighted Deposit Rate is calculated by Central Bank monthly based on the weighted average of all outstanding interest bearing deposits of commercial banks and the corresponding interest rates.
(d) The Weighted Average Prime Lending Rate is estimated by the Central Bank weekly based on commercial banks' lending rates offered to their prime customers during the week. These monthly figures are average values of estimated weekly rates.(commenced in 1986).
(e) 12 month Treasury bills were first introduced in 1989.
(f) Repurchase Rate and Reverse Repurchase Rate were renamed as Standing Deposit Facility Rate (SDFR) and Standing Lending Facilty Rate(SLFR) respectively, with effect from 02 January 2014.
(g) Revised