Committed to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 173 Mon. November 17, 2003  
   
Business


Call money rate steady


The call money rate remained steady in thin inter-bank money market yesterday as the demand was lower from private sector, fund managers said.

The rate touched to its intra-high high at 7.00 percent today and in most deals, ranged between 3.00 percent and 6.50 percent, fund managers of leading commercial banks said.

The call money rate remained very low in line with the central bank's monetary policy to force banks to cut their interest rates.