Average 91-Days T-Bills Rate Drops to 2.94 Percent
September 27, 2024 | Investopaper
The weighted average 91-days treasury bills rate remained at 2.94 percent in the first month of 2024/25, which was 5.92 percent in the corresponding month a year ago. The weighted average inter-bank rate among BFIs, which was 5.87 percent a year ago, decreased to 2.99 percent
The average base rates of commercial banks, development banks and finance companies stood 7.61 percent, 9.28 percent and 10.75 percent respectively in the first month of 2024/25. The average base rate of commercial banks, development banks and finance companies were 10.11 percent, 11.87 percent and 13.28 percent respectively in the corresponding month a year ago.
Weighted average deposit rates of commercial banks, development banks and finance companies stood 5.66 percent, 6.46 percent and 7.71 percent respectively in the review month. Weighted average deposit rate of commercial banks, development banks and finance companies were 8.00 percent, 9.28 percent and 10.13 percent respectively in the corresponding month a year ago.
Likewise, the weighted average lending rate of commercial banks, development banks and finance companies stood 9.68 percent, 11.07 percent and 12.32 percent respectively in the review month. Such rate of commercial banks, development banks and finance companies were 12.24 percent, 13.88 percent and 14.66 percent respectively in the corresponding month a year ago.
