ECB to hike euro rates, JCC fined

Financial Mirror (Cyprus) - - FRONT PAGE -

Euro rates are ex­pected to go up by 25 ba­sis points af­fect­ing at least CYP 1 bln worth of euro loans taken out by Cypri­ots, while the Com­pe­ti­tion Com­mis­sion fined JCC CYP 373,000 for mar­ket abuse, ac­cord­ing to the is­sue 647, on Novem­ber 30, 2005.

Bor­row­ing rates are to rise by at least 25 ba­sis points when the Euro­pean Cen­tral Bank meets to con­tain in­fla­tion­ary pres­sure, in a move that is set to af­fect thou­sands of Cypri­ots who have bor­rowed CYP 1 bln, or 67% of all for­eign

ECB rates:

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