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GUYANA: SELECTED INTEREST RATES 1
(Percent Per Annum)
    1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
    Dec Dec Dec Dec Dec Dec Dec Dec Dec Mar Jun Sep Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
BANK OF GUYANA
  Bank Rate 17.00 20.25 17.25 12.00 11.00 11.25 13.25 11.75 8.75 8.25 7.75 6.25 6.25 6.25 5.25 5.25 5.25 5.25 5.25 5.25 5.00 5.50 5.25 5.25 5.50
Treasury Bill Discount Rate
  91 Days 15.44 18.64 15.49 9.94 8.16 8.84 11.07 9.20 6.43 5.88 5.49 3.93 3.91 2.88 2.88 3.00 3.00 2.99 2.99 2.88 2.84 3.40 3.22 2.98 3.40
  182 Days 15.45 18.38 15.69 11.00 8.98 8.69 12.66 10.66 7.31 6.80 5.21 3.71 4.12 3.70 3.37 3.70 3.70 3.74 3.72 3.73 3.53 3.32 3.26 3.06 3.37
  364 Days 14.78 17.85 15.28 11.16 9.17 9.25 12.79 11.09 8.17 6.31 5.70 4.11 4.91 4.91 4.73 4.50 4.16 4.16 4.37 4.30 3.83 4.33 3.89 3.92 4.01
  Interest Rate on EPD 16.00 19.25 16.25 11.00 9.75 10.25 12.25 10.75 7.75 7.25 - - - - - - - - - - - - - - -
COMMERCIAL BANKS
  Small Savings Rate 9.46 11.20 10.47 7.73 7.39 7.06 8.12 7.28 6.7 5.77 4.79 4.40 4.29 4.29 4.23 4.25 4.25 3.96 3.96 3.65 3.63 3.54 3.46 3.46 3.46
  Prime Lending Rate (weighted average) 3 ... 18.80 19.00 17.00 17.00 17.00 17.13 17.16 17.26 17.26 17.26 17.28 17.27 17.02 17.01 16.57 16.58 16.61 16.64 16.63 16.63 16.65 16.65 16.66 16.69
  Prime Lending Rate 4 17.45 19.89 19.07 17.21 16.93 16.64 17.39 17.21 16.79 16.25 16.25 16.25 16.25 15.57 15.57 14.88 14.88 14.88 14.88 14.88 14.88 14.88 14.88 14.88 14.88
  Comm. Banks' Lending Rate (weighted average) 18.24 20.80 20.39 18.46 18.32 18.29 17.87 17.68 17.60 17.58 17.46 17.16 16.83 16.79 16.77 16.59 16.49 16.33 16.22 16.16 16.08 15.92 15.81 15.75 15.58
GNCB TRUST COMPANY
  Domestic Mortgages 18.00 18.00 18.00 17.00 17.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00
  Commercial Mortgages 21.00 21.00 21.00 20.00 20.00 19.00 19.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00
  Average Deposit Rates 5 14.00 14.00 14.00 11.00 9.50 8.95 11.00 9.18 7.55 7.28 5.86 4.82 4.82 4.82 4.82 4.82 4.82 4.29 4.29 4.29 4.29 3.79 3.79 3.79 3.79
NEW BUILDING SOCIETY
  Deposits 9.00 9.00 10.00 7.00 7.00 7.00 7.00 7.50 6.50 5.00 5.00 4.50 4.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50
  Mortgage Rates 16.00 14.00 14.00 14.00 12.00 11.00 11.00 11.00 11.00 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95 9.95
  Five dollar shares 12.00 12.00 14.00 9.00 8.00 8.00 8.50 9.00 8.00 6.50 6.50 5.75 5.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75
  Save and prosper shares … … … … … 9.50 10.00 10.50 8.25 7.00 7.00 6.50 6.50 6.50 6.50 6.50 6.50 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Source: Bank of Guyana, Commercial Banks and other Financial Institutions
1 End of period rates.
2 Special deposit accounts at the Bank of Guyana have been closed with effect from December 1994.
3 The prime lending rate reported by the banks has been weighted by the amount of loans issued at the corresponding rate.
4 The average prime lending rate actually used by commercial banks applicable to loans and advances.
5 The average deposit rates at GNCB Trust Company have been revised effective December 2000.
Last Updated: 9/2/2004

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