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Data & Statistics | All CBN Publications

Money Market Indicators (In Percentage)
  - 2009
Month October November December
Inter-Bank Call Rate 7.05 5.62 4.68
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 6.00 6.00 6.00
Treasury Bill Rate 5.08 4.48 4.00
Savings Deposit Rate 2.23 3.35 3.33
1 Month Deposit Rate 13.04 12.42 12.73
3 Months Deposit Rate 13.19 13.31 13.15
6 Months Deposit Rate 13.70 11.81 13.34
12 Months Deposit Rate 13.34 8.91 12.17
Prime Lending rate 19.06 19.66 19.55
Maximum Lending Rate 20.50 23.20 23.77
       

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Note: The Bank replaced MRR with MPR on December 11, 2006

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Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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