No change in Cyprus rates post

Interest rates in Cyprus are expected to remain steady in the immediate future as the economy dismantles the rigid rate control regime from January 1 2001, the island's central bank governor said on Dec 21 2000. The key lombard rate, the rate at which the central bank lends to banks, is set at seven percent and is unlikely to change any time soon, Governor Afxentis Afxentiou said an in interview with a newswire. The rate will be reviewed every month depending on economic conditions, he added.

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