9 August 2010 - Cyprus bank

The Governor Interview with Reuters.

Interview with Athanasios Orphanides, Governor of the Central Bank of Cyprus, conducted on 6 August 2010 by Michele Kambas and Krista Hughes

Q. Is 2010 growth likely to be better than foreseen in the June staff forecasts?

The incoming data have been somewhat better than anticipated in earlier projections and I would not be surprised if the staff projections in September do show an improvement for the whole year 2010 compared to the previous projections.

Q. Do you see an improvement within the 0.7-1.3 pct range (from June) or beyond that?

I would say an improvement within the range.

Q. Will the buoyancy spill over into next year?

We will have to wait and see on that. The recovery remains uneven so we are pleased to see signs of improvement but we need to continue to monitor very carefully the prospects.

Q. Will a quick removal of government stimulus drag on growth and is this recovery self-sustaining?

In a number of countries in the euro area, the removal... Read more »

Views: 19081 | Added by: net777 | Date: 2010-08-09 | Comments (189)

СУММА, EUR/USD	PERIOD and INTEREST RATE, %, annual
СУММА, EUR/USD	31-183 days	184-366 days	367-545 days
AMOUNT 1'000	Interest is paid monthly, possibility to replenish deposit account, minimum amount per 1 replenishment — 500 EUR / USD		5,5 % (1 year only)
От 1'000 USD	3,6	7	8
От 1'000 EUR	3,3	6,5	7
Более 150'000	Deposit for 5 years — 11 % per annum, monthly interest payment

AMOUNT, EUR/USD	PERIOD and INTEREST RATE, %, annual
AMOUNT, EUR/USD	31-183 days	184-366 days	367-545 days
Мин.сумма 1'000	Interest is paid monthly, possibility to replenish deposit account, minimum amount per 1 replenishment — 500 EUR / USD		4% (1 year only)
5'000-50'000	3,2	4,75	5,25
50'001-150'000	3,5	5	5,5
150'001 and more	3,8	5,25	5,5
Более 150'000	Deposit for 5 years — 7% per annum, monthly interest payment