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MPC decision on interest rates

MPC decision on interest rates

NOTE: This article is from 23. June 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 6.5% and the maximum bid rate for 28-day certificates of deposit (CDs) will be 7.75%. The seven-day collateralised lending rate will be 8% and the overnight lending rate 9.5%.

No. 18/2010

June 23, 2010