MPC decision on interest rates

NOTE: This article is from 05. May 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 7.0%, and the maximum bid rate for 28-day certificates of deposit (CDs) will be 8.25%. The seven-day collateral lending rate will be 8.5% and the overnight lending rate 10.0%.

No. 9/2010

May 5 2010