4.75 % INTEREST RATE EFFECTIVE AUGUST 15

Business | August 15, 2001, Wednesday // 00:00

The base interest rate was hiked by 0.16% to 4.75% effective as of Thursday, August 15. The rate was set based on the average-weighted annual yield of three-month government securities reached on Monday`s auction of the Finance Ministry, the central bank said. Fifteen primary dealers took part in the bidding on Monday.

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