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Monetary Policy Decisions

Friday, 14 June 2002

At today’s meeting the Board of Directors of the Central Bank of Cyprus, taking into consideration the recommendations of the Monetary Policy Committee, reached the following monetary policy decisions: 1. The key official interest rates of the Central Bank, that is the interest rates of the marginal lending facility (Lombard) and the deposit facility remain unchanged at 5,50% and 2,50% respectively. 2. The reference value for the annual growth rate of bank credit in 2002 is 11%.