23 June 2010

MPC decision on interest rates

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