Cyprus Central Bank Governor announced that the Monetary Policy Committee (MPC) decided to increase the key interest rates by one percentage point, bringing the marginal lending facility to 5.5 per cent and the overnight deposit facility to 3.5 per cent. Announcing the Committee's decision, Christodoulou said that the increase of the key interest rates is a strong message of support of the Cyprus pound against the unfounded rumours of a devaluation of Cyprus' currency.
Source: Cyprus News Agency
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