Rate cut, fran­chise wars, CSE on a roll

Financial Mirror (Cyprus) - - FRONT PAGE -

An in­ter­est rate cut is im­mi­nent af­ter the Cyprus pound en­tered the ERM2 ‘wait­ing room’ for join­ing the eu­ro­zone, with the cur­rency com­ing out stronger, while in­vest­ment com­pa­nies matched the per­for­mance of the CSE main in­dex and the fran­chise wars heated up again, ac­cord­ing to the is­sue 620, on May 11, 2005. The Cyprus pound en­joyed a first few days of its ERM2 en­try


in ERM2:

smooth ride in the

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