BOV Changes its Bank Base Rate in line with Central Bank
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Following the decision by the Central Bank of Malta to reduce the central intervention rate by 25 basis points to 4.00%, the Bank of Valletta has announced that, with effect from today, the 1st of January 2008, it is also changing its Bank Base Rate (BBR) to 4.00%.
The Bank said that, upon the adoption of the euro today, the 1st of January 2008, and until further notice, it will be adopting the ECB Central Refinancing Rate as its Base Rate.
Further information on interest rates is available on the BOV website at www.bov.com.