labels: banks & institutions
State Bank of Mauritius cuts ratesnews
Our Banking Bureau
19 March 2002

 

Chennai: State Bank of Mauritius has cut its interest rates on domestic term deposits. The bank has cut its rates by 100 basis points to 8 per cent for deposits of one year and above.

It has cut rates by 25 basis points to 8.25 per cent in the 181 days to one-year time period. The bank has, however, revised upwards its interest rates for the 91-to-180 days deposit by 50 basis points to 8.50 per cent. The revisions take effect from this week, says a bank press release.

 

 

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State Bank of Mauritius cuts rates