As a result, the policy interest rate of India, EU, Australia, Korea, and Vietnam stood at 7.25, 0.50, 2.75, 2.50 and 7.00 percent per annum, respectively. The Minimum Loan Rate (MLR) of four major banks was kept unchanged while the deposit rate remained within the same range as the previous quarter. During the first quarter of 2013, an average MLR of four major banks, medium commercial banks and retail banks were kept unchanged at 7.00 percent per annum, which was in line with the movement of policy interest rate.
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