With interest rates tumbling, interest rates for Treasury bills this week fell to 17.79 per cent for 3-month bills on Wednesday from 23 per cent at the previous auction. Rates for the 6-month bills fell to 15.93 per cent from 19.49 percent earlier and one-year bills fell to 13.86 per cent from16.99 per cent earlier. [...]

Business Times

Interest rates fall for Treasury bills

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With interest rates tumbling, interest rates for Treasury bills this week fell to 17.79 per cent for 3-month bills on Wednesday from 23 per cent at the previous auction.

Rates for the 6-month bills fell to 15.93 per cent from 19.49 percent earlier and one-year bills fell to 13.86 per cent from16.99 per cent earlier.

On Thursday, the Central Bank announced a cut of 2 per cent on baseline interest rates which would trigger a drop in interest rates for deposits and loans at commercial banks.

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