MPC decision on interest rates

NOTE: This article is from 27. January 2010 and is therefore more than 5 years old.

The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. The deposit rate (current account rate) will be lowered to 8%. The maximum bid rate for 28-day certificates of deposit (CDs) will be 9.25%. The seven-day collateral lending rate will be 9.5% and the overnight lending rate 11%.

No. 1/2010

January 27, 2010