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Monetary policy operation

Wednesday, 22 September 2004

The Central Bank of Cyprus announces that an auction for the acceptance of deposits will be conducted on 23 September 2004, as follows:

 

Operation type:  Liquidity absorbing
Procedure:  Standard tender
Tender date:  23 September 2004
Time for submission of bids:  08.00 – 09.00 a.m.
Start date:  23 September 2004
Maturity date:  7 October 2004
Duration (days): 14
Auction type: Variable rate tender
Allotment method: Multiple rate
Maximum total amount of deposits:  £80.000.000
Maximum bid rate:  4,50%
Minimum bid amount:  £100.000

 

Only the counterparties to the Central Bank of Cyprus monetary policy operations can participate.