Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 581 Mon. January 16, 2006  
   
Business


Call money rate still high


Inter-bank call money rate still remained high yesterday with the rate ranging between 20 percent and 25 percent. The rate jumped to 52 percent on the last working day before the Eid vacation.

However, the rate hit highest 52 percent in one deal yesterday, market sources said.

After the five-day Eid vacation, customers' presence was very poor in Motijheel, the country's commercial hub. Bankers said most of the clients visited banks to deposit money.

Although both the public and private banks resumed banking, presence of staff was very thin.