Cyprus cbank leaves base rate unchanged at 7.0 pct
Central Banking staff
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Cyprus's central bank left its key interest rate steady at 7.0 percent at a board meeting on Jan. 26 as expected, a senior manager said. "The board of the central bank decided to adopt the recommendation of the monetary advisory committee to leave the rate unchanged at its present level," senior manager Charis Achniotis said. The base rate was set in December 2000 as part of the transition to a regime of market-driven interest rates which came into effect on January 1, 2001, replacing a legal
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