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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2020
Month October November December
Inter-Bank Call Rate 0.00 0.00 1.25
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 11.50 11.50 11.50
Treasury Bill Rate 0.86 0.03 0.03
Savings Deposit Rate 1.87 1.84 2.04
1 Month Deposit Rate 2.24 1.92 1.64
3 Months Deposit Rate 3.52 2.90 2.74
6 Months Deposit Rate 2.72 2.84 2.65
12 Months Deposit Rate 4.99 4.89 5.99
Prime Lending rate 11.31 11.60 11.35
Maximum Lending Rate 28.36 28.85 28.31
       

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

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Facts : 1/1/1900
West African Currency Board:The West African Currency Board was established in 1912 to retain the services of Bank of British West Africa. It set up four centres in Lagos, Accra, Freetown and Barthurst (now Banjul).
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