Jan
1st
2008
Author:
Gozo News |
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Local News |
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- BOV increases its base rate to 4.25%
- Amendments to the minimum reserve requirements for banks
- BOV - The first Maltese bank to transact with the ECB
- Central Bank of Malta reduces the central intervention rate
- Central Bank pays remainder of its subscription to the ECB
- An historical day as both Cyprus and Malta join the euro area
- End of legal tender for the Maltese Lira - The Central Bank
- BOV reports excellent response to 4.4% deposit opportunity
- HSBC offers loan for ‘Computers for €0.99 per day’ initiative
- BOV launches a new 4.4% gross p.a. deposit opportunity
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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.
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