News

Central Bank: Reduction in the Discount Rate by 50 basis points to 4.00%

Published: Thursday December 22nd, 2016

The Central Bank wishes to advise the public of its decision to reduce the Discount Rate, by 50 basis points to 4.00 percent, effective immediately. The Bank expects financial institutions to follow suit with a corresponding reduction in the Prime Rate, from 4.75 percent to 4.25 percent and adjustments in lending rates on new credit facilities.

For full text reading, please download the attached document.

Search News

Search News using the form below. Leave the keyword field empty for a list of all entries in the selected category.


Separate keywords by commas.

News